nyc;1590601 said:
So did the Jets or Revis cave on the 6 years?
POSTED 9:45 a.m. EDT, August 16, 2007
REAL REVIS DEAL IS LOW ON FLUFF
Though it's been reported as a six-year, $36 million package, the contract negotiated by cornerback Darrelle Revis has a base value of six years and $32 million.
And, as we understand it, that number reflects real money, with little or no fluff.
The six-year deal, which the Jets wanted to do, easily voids to a four-year deal, which the Jets previously didn't want to do. The deal automatically reduces to four years if in any of the first four seasons Revis participates in at least 35 percent of the defensive snaps.
The four-year value is $16 million, with $11 million in guaranteed money (which includes the 2007 base salary, which technically isn't guaranteed but as a practical matter is always paid).
But the Jets can buy back the fifth and sixth years. For $5 million guaranteed in year five and $11 million guaranteed in year six the Jets can get back the final two seasons.
If the Jets choose not to buy back years five and six, Revis hits the open market and the Jets will not apply the franchise tag or the transition tag.
The year six number can reduce to $9 million and can increase to $15 million, as the result of a point system based primarily on playing time. Interestingly, interceptions are not a factor as to any aspect of the deal.
As we see it, it's a win-win. But we can't help but wonder whether the deal couldn't have gotten done before the start of camp.
