I have enjoyed watching all the noise about the jets trying to trade Revis and what they might get for him and I just noticed something that is a big problem for the Jets if they do trade him - Dead money! Revis current contract runs through 2016 though he has the option to void the last three years. His prorated bonus is 3M/year based on the 2016 contract end date so at this point he has 12M in 'dead money'. If they trade him this year, all of that bonus shifts to dead cap money and further cramps their salary cap situation. And the kicker is if he voids the contract (which he will) after this year then the 9M prorated bonus from 2014-2016 is dead money anyway.

You can say that the Jets are not in salary cap hell all you want, but having 12M this year or 9M next year in dead money sure doesn't look like heaven to me!

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RWTK - I actually get pretty bored with most of the 'Jets' back and forth on the board and I was loath to start this thread, but ... I hadn't seen any commentary in all the noise about possibly trading Revis that related to the huge amount of dead money still out there from his signing bonus. 

And it doesn't just relate to Revis. People talk about trying to trade for Fitz out of AZ or the Pats trading or cutting Mankins or ... And nobody looks at the dead money on these players contracts. It is a huge part of any consideration Fitzgerald would cost an 18M dead money hit for AZ, Mankins is 12M for the Pats, etc. etc.

i am not sure but I thought i read somewhere that if they do trade him before March 17th they can take the entire hit in 2013. I believe the cap hit would be  12 or 13 mil.

The key saliant point is that Revis is darn near untradable because he'll be a headache no matter where he goes.

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and now for the facts.

Revis signed a contract as follows;

2010: $7.5 million base salary, no signing bonus
2011: $18 million option bonus (due on the first day of the first league year after 2010, accounting for the chance of a lockout), $7 million base salary
2012: $7.5 million base salary (guaranteed for injury)
2013: $6 million base salary (guaranteed for skill)

In the first 2 years, Revis realized $32.5 making him the highest paid CB in football.

Revis was paid in 2013 $7.5m because his season was guaranteed for injury

Revis salary for 2013 is $6m. If Revis does not hold out, his contract for 2014, 15, 16 voids, making him a free agent.

The Jets owe Revis $6m, there is no dead money. The Jets cannot trade Revis until the official start of the 2013 season (March 12th I believe)

The Jets can trade Revis and have zero financial obligation to him. The Jets can let Revis play out the year, pay him his $6m, and let him walk away in free agency, getting nothing in return.

The issue with Revis is resigning him. There is no dead money.

When the dust settles, either with the Jets or another team, the media will announce that Revis has signed a contract for $100 million dollars, of which he will realize maybe $50-$60 million of it.

In response to rkarp's comment:
[QUOTE]

and now for the facts.

Revis signed a contract as follows;

2010: $7.5 million base salary, no signing bonus
2011: $18 million option bonus (due on the first day of the first league year after 2010, accounting for the chance of a lockout), $7 million base salary
2012: $7.5 million base salary (guaranteed for injury)
2013: $6 million base salary (guaranteed for skill)

In the first 2 years, Revis realized $32.5 making him the highest paid CB in football.

Revis was paid in 2013 $7.5m because his season was guaranteed for injury

Revis salary for 2013 is $6m. If Revis does not hold out, his contract for 2014, 15, 16 voids, making him a free agent.

The Jets owe Revis $6m, there is no dead money. The Jets cannot trade Revis until the official start of the 2013 season (March 12th I believe)

The Jets can trade Revis and have zero financial obligation to him. The Jets can let Revis play out the year, pay him his $6m, and let him walk away in free agency, getting nothing in return.

The issue with Revis is resigning him. There is no dead money.

When the dust settles, either with the Jets or another team, the media will announce that Revis has signed a contract for $100 million dollars, of which he will realize maybe $50-$60 million of it.

[/QUOTE

Trading Revis would result in a salary cap hit: According to NYJETSCAP.com the Jets would suffer a cap hit if the team decides to trade Revis. From the site:

"The information I have on Revis’ contract tells me that he should carry a dead money hit of $12 million in 2013, not $9 million as reported, if the Jets were to trade him. That $12 million comes from an $18 million dollar option bonus he received in 2011 that was prorated from 2011 thru 2016. He is scheduled to count for $9 million against what looks to be a somewhat tight cap for the team, so they would lose a net of $3 million for the year plus whatever draft pick and/or player salary they get back for him."

 

Not saying whether this is correct or not but this is what is out there.

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In some sense the Jets won't incur any dead money from trading Revis because they will incur it anyways when he walks after the season (since the option bonus he was paid is prorated through 2016 despite the fact he can void his contract after this season).  Tannenbaum is a genius.  LMFAO.

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In response to RidingWithTheKing's comment:

The hit to the cap would seem to be true as 2 different outlets are saying they would be on the hook for 12 mil for 2013 if they trade him.

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Yet another thread about the New York Jets on the NE patriots football forum!!???

It's like being in the redsox forum with all the threads about the Mighty New York Yankees.

 I get a strong sense of Napoleanic Syndrome going on in here...again.Poor poor beantown..always a bridesmaid and never a bride.

Obsess much?

 So how are ya today my horribly accented neighbors from the North?!

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In response to RidingWithTheKing's comment:

this is erroneous. the $18m was paid already as it was due the first day of that new year. That is why Revis with a $16.5 2 year AAV was "the highest paid CB" over Namdi...the bonus was not ammortized over the length of the contract.

The balance of the contract voids after this year if Revis does not hold out

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King-Tsk tsk tsk-Your jealousy is raging from your written words. I get it. You see there are two types of Americans. You are either from NYC or from everywhere else. Welcome to from everywhere else!

If you don't like NYC then sadly you'll just never get NYC.

New York New York- Sounds so nice they named it twice!

 So do you want Spygate,players going to jail and making drunken fools of themselves in public,Brady strafing the pats for 27 million or do you want to stick with the Jets my obsessed NY Jets fan??

hey king- repeat after me-J-E-T-S Jets Jets

In response to rkarp's comment:

Stop playing dumb.  Whether or not Revis has been paid the bonus is immaterial to what the cap hit is.  Do you really think the Jets incurred all 18.5 million as a cap hit in one year?  They paid it all up front, but they added the extra voidable years on the contract so that they could spread out the cap hit over those years. Those cap hits persist if he leaves and are compressed into one season once he goes.  Christ even the guy from nyjetscap.com who you cite all the time knows this:

 

http://overthecap.com/looking-at-the-contract-of-darrelle-revis/

You are wrong.  Just admit it.

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King-I believe that you started your post by name calling??What are you 12? Chi=Town- great place to visist but NYC is my home.

Like I said before -You don't get NYC and sadly you never will.Bloomberg cleaned the place up along with Guiliani,expensive,yes,no denying that but when it's the number one tourist attraction on the planet that comes with the territory.

You say it's hard to get around? Get a map.The Avenues run North and South and the streets go east to west. Even a simpleton like yourself could figure it out.

Now do you want to keep up with the Geography lesson or do you want to keep talking about the Jets in the NE patriots forum?

I had a few subjects in my last post that I would like to discuss about the pats...too embarrssed to address I guess??

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In response to rkarp's comment:

Bottom line if the Jet's trade Revis they take a 12mil dollar hit against the cap in 2013. You can spin it any way you want but that fact doesn't change.