BOSTON (CBS) — The New England Patriots have not yet announced their deal with cornerback Darrelle Revis, but more is coming out about the reported contract.
While it was widely reported that Revis’ contract with the Patriots was a one-year deal for $12 million, it’s actually a two-year deal that will help lighten the Patriots’ salary cap hit for 2014.
Revis will still earn $12 million for the 2014 season, but with the second year added to the deal New England’s cap hit will only be $7 million. But the second year, which is a team option that has to be picked up before the end of the 2014 league year, will now pay Revis $20 million for 2015 and come with a cap hit of $25 million.
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It’s very unlikely the Patriots will pick up the second year of the deal, and it’s even more unlikely that they’d place the franchise tag on Revis, which will allow him become a free agent for the second straight year. Should the Patriots cut Revis ahead of 2015 they would still have to pay a $5 million in dead money towards the 2015 cap, but that can be avoided should the two sides agree on a contract extension.
Here is a full breakdown of Revis’ contract, according to ESPNBoston.com’s Mike Reiss:
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
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
If you have an ice-cream headache, you are not alone. But the bottom line is Darrelle Revis is a New England Patriot, and that should put a smile on your face no matter the amount of math required to break down the signing.
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