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Novice Cell Phone Plan Question

A Casual Fitz

Diamond Member
I recently got a discounted upgrade to my Verizon phone through signing a new 2 year agreement. I got the phone in the mail and it said I have to activate it within 14 days otherwise I'll get charged the full retail price. I did that yesterday but I really don't need a new phone and this model pulls in a few hundred dollars on ebay. Can I just switch back to my old droid and sell this one on ebay? I've never done this before and I don't want to mess with my contract or a potential buyer's. Thanks.
 
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