Revis: Reportedly Signs with the Jets
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mpx42 said:
I'm a little disappointed--I think the parties have enough information that if he is going to re-sign he would do it before, and not after, 4 pm tomorrow.
Doubt picking up the option was ever a realistic option.
Pats will put their best offer on the table Tuesday and we'll know shortly. Could be he's already heard a number from the Jets the Pats cant compete with, but if he wants every last dollar he was never coming back.
Hope he ends up here, but Im definitely not in the Revis or bust camp as far as fielding a repeat champion next year.
Not picking up the option now actually lets the Jets talk with Revis since we are in the legal tampering period, right?
Pats will put their best offer on the table Tuesday and we'll know shortly. Could be he's already heard a number from the Jets the Pats cant compete with, but if he wants every last dollar he was never coming back.
Hope he ends up here, but Im definitely not in the Revis or bust camp as far as fielding a repeat champion next year.
Not picking up the option now actually lets the Jets talk with Revis since we are in the legal tampering period, right?
Shelterdog said:
So? What indicates that the Patriots won't re-sign Revis before 4pm tomorrow? What has changed? This is exactly what everyone thought would happen.
And it matters only if you believe the fiction that offers have not been made this weekend, as Eric Wilbur evidently does.mpx42 said:
Any team interested would have made its interest known and communicated the parameters of a deal. There is no point in holding back. Even if a team were to swoop in at the last minute, Revis would shop that offer with the Jets and Pats unless it were an offer with strings attached that blew everyone else's out of the water.
This will be over soon. Still think he'll push the Pats as far as he can, then re-sign here.
Shelterdog said:
It's in his best financial interest to hit the market, and see how high he can drive New England's price up. But they were never gonna pick up his option - just don't have the cap space.
Kimberley A. Martin @KMart_LI 16m16 minutes ago
Revis hasn't hit free agency, but if he does, I heard he's seeking something in the ballpark of 3yrs, $48M with $40M gtd. We'll see.
Edit: Martin is Newsday's Jet beat writer.
Revis hasn't hit free agency, but if he does, I heard he's seeking something in the ballpark of 3yrs, $48M with $40M gtd. We'll see.
Edit: Martin is Newsday's Jet beat writer.
Ian Rapoport @RapSheet now6 seconds ago
The #Jets have hit pause on their free agent pursuits in the event Darrelle Revis became available. At least, Revis can gauge his market.
The #Jets have hit pause on their free agent pursuits in the event Darrelle Revis became available. At least, Revis can gauge his market.
This strikes me as good news. Why leak this a day early if they hadn't made progress on an actual deal?
so, that would be a max cap hit this year of somewhere aorund 18 million, right? (13 + 5 carryover)amfox1 said:
Anyone else surprised that no other teams are apparently in the mix, besides the Pats and the Jets?
You have to file the paperwork with the NFL to make it official. Unless they've done that already, he's still technically under contract.
Assuming the Marting tweet is right, there's no great way to structure 3/48/40 without essentially making it all guaranteed. Still, I'm not sure why the Pats wouldn't throw out something like 5 years, 21 million bonus, with base salaries of 8, 9, and 10 over the first three years and a massive roster bonus due at the beginning of the fourth. Cap hits of 17.2, 13.2, 14.2, 4.2, 4.2. Revis also gets to test free agency again in 3 years.
loshjott said:
It's one more move--albeit a marginal one--in the march towards free agency, and I think he's gone if he hits free agency because the opportunity cost of keeping cap space available for a potential Revis deal is too high.
It's also not a great sign that they're beginning to negotiate a bit through the press. The quote that Revis is looking for 3/48 with 40 guaranteed suggests strongly to me the Pats offer (and whatever the Jets have put forward) is under 3/48, 40g and team Revis is fishing for another offer.
I'm guessing this is a move by the Pats as more of a notice thing to the agents so they are all discussing apples/apples. I'm assuming there are some advantages to discussing the contract from a standpoint of a new one versus a restructured one, and by notifying them they aren't picking up the option, they are now having discussions of offers of the same "type". I could be wrong.
On the cap for $10.3, $10.5MM left in guaranteed money until he passes a physical. They could still, I believe, defer some of that cap hit to next year by designating him a post June 1st cut (after the league year turns to 2015 I think), but as of right now it would cost more cap space to cut Mayo than keep him.
Ed Hillel said:
You are correct. There are certainly ways to structure a deal to give Revis the $40mm guaranteed and not kill the Patriot's cap. Here's one within the Martin parameters:
2015 - $2.66mm salary, $13.33mm bonus
2016 - $2.66mm salary, $13.33mm bonus
2017 - $2.66mm salary, $13.33mm bonus
2018 - $16mm salary, no bonus
2019 - $16mm salary, no bonus
Cap hits - $10.66mm, $10.66mm, $10.66mm, $8mm (assuming cut before 2018 season), $8mm (assuming cut before 2018 season)
Ed Hillel said:
Does one "formally decline" an option like this? Maybe this is all semantics, but I think option typically implies a right to exercise, after which the option expires if it is not exercised. It sounds to me from the terminology people are using -- have informed him they will not be picking up the option -- that basically the option simply will expire at the end of the 2014 league year tomorrow at which point he will be a free agent. It's different than being cut, for example -- it sounds to me as though what happens is that the Patriots must take an affirmative step in order to trigger the second year on the contract and if they do not, it will simply lapse, as will their $20 million obligation.
They were never going to pick up the option. Even if they wanted to a day or so ago, signing McCourty made it all but impossible. I think that this announcement is targeted as much at other players than it is at Revis. Once Breer reported this morning that picking up the option was a possibility, the Patriots may well have had a shit storm hit them from agents of the players who would interpret that as saying they were at risk of being significantly impacted if the Patriots put $20 million on the books -- guys like Mayo, Browner, Amendola, Dennard, and Solder.
Papelbon's Poutine said:
The issue is with his injury. If he was healthy, they could designate him post June 1 and save over 6 million immediately. One thing to consider here is that Mayo might be willing to waive that and accept a release now if he expects to pass his physical down the line (which he should), and believes his market will be better now than later.
I believe so, yes. If the Patriots don't send in the paperwork by 4PM tomorrow, the option is picked up automatically, as I understand. The Patriots have to act first.
Ed Hillel said:
Or he possibly plays ball with the Pats and takes a pay cut for practically missing the majority of the last 2 seasons.
Like others, I see this as a positive.
I mean yeah, on the one hand, I would like to see them already done or the option exercised to keep him off the market.
But (1) it's well known that deals often do not get done until the parties are pressed up against a deadline, (2) I would not like the Pats to pay any player that much for one season given the cap ramifications and (3) it's possible that Revis would be extremely butthurt if the Pats exercised the option given that there may have been an understanding from the beginning that they would not do that, and I would not like to see them do anything that would sour the player's relationship with team and would much prefer a multi year deal that works for both sides.
Get it done, Bill/Bob/Darrelle.
I mean yeah, on the one hand, I would like to see them already done or the option exercised to keep him off the market.
But (1) it's well known that deals often do not get done until the parties are pressed up against a deadline, (2) I would not like the Pats to pay any player that much for one season given the cap ramifications and (3) it's possible that Revis would be extremely butthurt if the Pats exercised the option given that there may have been an understanding from the beginning that they would not do that, and I would not like to see them do anything that would sour the player's relationship with team and would much prefer a multi year deal that works for both sides.
Get it done, Bill/Bob/Darrelle.
From Barnwell's Grantland article posted this morning:
"Ideally for the Patriots, Belichick and Revis would come to terms on a contract extension before the 2014 league year ends Tuesday afternoon. That would lower Revis’s cap hit without forcing the Patriots to make moves first. The Patriots can’t actually pick up Revis’s option at the moment because that would put them more than $4 million over the 2015 cap. They would need to cut Amendola and likely Mayo to pick up the option, even if it was just to give them more time to negotiate after the league year began."
"Ideally for the Patriots, Belichick and Revis would come to terms on a contract extension before the 2014 league year ends Tuesday afternoon. That would lower Revis’s cap hit without forcing the Patriots to make moves first. The Patriots can’t actually pick up Revis’s option at the moment because that would put them more than $4 million over the 2015 cap. They would need to cut Amendola and likely Mayo to pick up the option, even if it was just to give them more time to negotiate after the league year began."
Ben Volin @BenVolin now7 seconds ago
McCourty on if Revis is a mercenary: "I think if the #Patriots get to a number he's comfortable with, he'll be back."
McCourty on if Revis is a mercenary: "I think if the #Patriots get to a number he's comfortable with, he'll be back."
So, looks as though the Patriots are now about $16 million under the cap, minus however much McCourty is going to cost against the cap in 2015. So, they probably have about $10 million to play with now without any other moves, and upwards of $15 million if they can get Solder and Amendola deals re-worked.
Edit: And it looks like McCourty is indeed $6 million against the cap for 2015.
@mikereiss Patriots Devin McCourty's new deal includes a signing bonus of $15M. His 2015 cap hit is $6m. So, that puts the Patriots at $10 million
Edit: And it looks like McCourty is indeed $6 million against the cap for 2015.
@mikereiss Patriots Devin McCourty's new deal includes a signing bonus of $15M. His 2015 cap hit is $6m. So, that puts the Patriots at $10 million
Officially with $10 million in cap space after Revis option decline and $6 million cap hit to DMC.DennyDoyle'sBoil said:
Yes. Declining the option brings clarity and closure. Any team that might have been lying in the weeds now has to step up. And if Revis isn't decisive, he could lose leverage. He cannot count on the Pats remaining in the mix after 4:00 tomorrow.TheoShmeo said:
@JasonLaCanfora Follow
Don't know what kind of cap magic they would be able to pull off, but Chiefs haven't given up on Darrelle Revis i'm told. NE and NYJ also in
Don't know what kind of cap magic they would be able to pull off, but Chiefs haven't given up on Darrelle Revis i'm told. NE and NYJ also in
Help me understand this. Haven't the Pats had an "exclusive negotiating window" all along, and it will continue until tomorrow when free agency begins? In that case, declining the option has absolutely nothing to do with creating a window.soxhop411 said:
If Revis ends up signing with the Jets does it make it more likely that the tampering charge will stick and we get something out of the punishment?
"Hey Devin, it's Bill again. Glad we got you locked up. Hey do me a favor.......STFU!! See you at OTA's."
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