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Old 01-24-2013   #11
Dutchrudder 
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Default Re: NYJ putting Revis on the Trade Block

Quote:
Originally Posted by BullNation4Life View Post
I heard on 790 this morning that if teams wait until June 1st, or maybe just the Texans, Revis would only be3 million against the cap...

If this is true and he is traded, I would bet he is traded after June 1st
Yeah something like that. His contract is confusing, but let me see if I can explain it better. Here's Rotoworld's take:

Quote:
9/6/2010: Signed a four-year, $46 million contract. The deal contains $32.5 million guaranteed, including all of Revis' first two base salaries and an $18 million first-year option bonus. 2013: $3 million (+ $3 million roster bonus), 2014-2016: (Voidable Years) $3 million, 2017: Free Agent

It appears that in 2013, 3 of the 6 million MISC Bonus is part of the 18 million dollar option given in 2011. That option is spread over 6 years, which is 3 million a year. That money has already been paid to Revis and will stay on the Jets cap through 2016. However, I would expect the remaining money to be accelerated to the current year if he is traded, which would even further ruin their cap. I'll have to check into that, but I believe it is essentially treated as a signing bonus, since that's what it was meant to be once the lockout was lifted.

The other 3 million in 2013 is listed as Reporting Bonus, Roster Bonus and Workout bonus by Sporttrac, but simply a roster bonus by Rotoworld. I'm inclined to go with Rotoworld on this, and if June 1st is the date, then yeah the Jets would pay that 3 million, and any team trading for him would only be on the hook for his 3m salary. However, I can't see the Jets doing that, they are in dire need of cap relief. They need all 6 million owed to him in 2013 to go to the team that wants him.

My personal guess is that if the Jets traded Revis today, his cap hit would increase from 9 million to 12 million, which is due to the remainder of his 2010 option bonus. Not a good deal for the Jets, unless they have more salaries they expect to cut.

If you want to read more on what I think is the most convoluted contract ever, check out this article: http://profootballtalk.nbcsports.com...rst-two-years/
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