Last updated on March 9, 2015 4:00 PM EDT
DISCLAIMER: I will NOT pretend that this information will be 100% correct. The information on this site can ONLY be as accurate as the press reports that the information comes from.
On March 13 ESPNBoston.Com's Mike Reiss reported that "An important wrinkle has been learned about the contract Darrelle Revis has agreed to with the Patriots. It has widely been reported as a one-year, $12 million deal, which is accurate. Revis will earn $12 million this season. But for salary-cap accounting purposes, and to protect Revis from being assigned the franchise tag in 2015, the sides have added a second year to the pact in 2015 that would pay Revis $20 million and count $25 million against the salary cap. The $20 million is an astronomical figure, as is the $25 million cap charge. That makes it unlikely the Patriots would pay it, thus making Revis an unrestricted free agent in 2015 or one of the highest-paid players in football. The second year helps the Patriots spread out the salary-cap charges for Revis over two seasons instead of taking one $12 million salary-cap hit in 2014. Revis' cap charge for 2014 is now $7 million. Here is a breakdown of the deal for those into specifics:
|How to Read This Table|
|I presume it to have been due on the first day of the League Year. I presume that the Patriots will pick up the player's option bonus so I include the option bonus proration in the total cap amount but until the League Year begins I will not include the option bonus in the Remaining Signing Bonus amount..|
Salary Cap Information - Darrelle Revis|
||Total Cap Figure
||Remaining Guaranteed Money
Cap Hit if Cut
|Cap Savings if Cut or Traded
||33,333 roster bonus per game (up to 15) that Revis is active (maximum value of $500,000)
- Cap value: $7M
- Cash value: $12M
- Signing bonus: $10M
- Roster bonus: $500K ($33.33K per game if on 46-man roster up to 15 games)
- Base salary: $1.5M
My notes - If the Patriots do not pick up the 2015 option, they will not be able to place the franchise tag on him. According to tweets by Mike Garofolo and Tom Pelissero Revis' contract has language in it that prohibits the Patriots from using the franchise tag on Revis in 2015. If the Patriots do not pick up the 2015 option, Revis will count as a $5 million dead money hit on the Patriots 2015 cap.
- Cap value: $25M
- Cash value: $20M
- Roster bonus-1: $12M (earned on April 1, 2015, if club exercises option prior to end of 2014 league year)
- Roster bonus-2: $500,000 ($33.33K per game if on 46-man roster up to 15 games)
- Base salary: $7.5M
Updated on February 5, 2015 The end of the 2014 League Year is March 9th. Joel Corry tweeted out that "The installments of Revis' $12M roster bonus if option picked up are $3M on 3/31, $3M on 10/31, $3M on 12/31 & $3M on 3/31/16."
Updated on March 9, 2015 The Patriots decline Revis' $12 million.
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