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Revis Deal Pays Out $16.25 Million Per Year Over First Two Years

#1 User is offline   J-E-T-S 4417 Icon

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Posted 06 September 2010 - 07:04 PM

The numbers are trickling out on the Darrelle Revis contract, and for a four-year deal it's fairly complicated.

Per a source with knowledge of the situation, here's the basic data on the Darrelle Revis deal: no signing bonus; 2010 base salary of $7.5 million; $18 million option bonus due on the first day year of the first league year after the 2010 league year ends (the language reflects the potential for a lockout); 2011 base salary of $7 million; 2012 base salary of $7.5 million; and 2013 base salary of $6 million.

That part is simple. Deciphering the guaranteed money makes it more complex.

Due to the 30-percent rule and the reallocation rule, the two sides had to apply some creativity. Before the option is exercised, the deal carries $13.772 million in 2013 base salary guaranteed for skill and $13.772 million in 2012 and 2011 base salary guaranteed for injury. The pre-option bonus base salaries ($10.06 million in 2011, $11.894 million in 2012, and $13.772 million in 2013) reduce to the lower numbers after the option is paid.

Following the exercise of the option, Revis has $6 million guaranteed for skill and $7.5 million guaranteed for injury.

And so, as of right now, Revis has $13.772 million in guaranteed money for skill and $13.772 million guaranteed for injury. As a practical matter, he'll get one or the other, if he's cut or if he suffers a career-ending injury.

After 2010, after he has earned $7.5 million in non-guaranteed base salary, he'll have $21.272 million earned or guaranteed.

After the option bonus is exercised, he'll have $25.5 million in his pocket plus $6 million guaranteed for skill and $7.5 million guaranteed for injury.

After the 2011 season, he'll have $32.5 million in his pocket, with $6 million still guaranteed for skill and $7.5 million still guaranteed for injury.

And that's the key. At the end of the 2011 season, Revis will have $32.5 million. That translates to $16.25 million per year -- higher than the $16.142 million that Raiders cornerback Nnamdi Asomugha will earn this year.

So how do the Jets protect themselves against Revis deciding after 2011 that he doesn't like the fact that he'll get only $13.5 million over the last two years of the deal? The answer is sufficiently interesting to justify a different post.
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#2 User is offline   GreenRebel Icon

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Posted 06 September 2010 - 07:39 PM

ughhh...
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#3 User is offline   Jetsfan115 Icon

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Posted 06 September 2010 - 08:48 PM

if he pulls this shit in 2 years i'm gonna be pissed, however by that time Aso will be a free agent and won't get offered near that amount as a 31 year old CB unless oakland does something stupid again plus baily and hall's numbers will be lower by then due to the front loaded deals they signed meaning the CB market won't be raised
Get it done MT
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#4 User is online   Smedsthejet Icon

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Posted 07 September 2010 - 05:16 AM

That $18 million option bonus due on the first day of the next season slightly scares me considering it might be something Tannenbaum looks to renegotiate as it is an extremely large amount of money.
Saying that, there's no point looking that far ahead currently - we should be happy he's re-signed prior to the Ravens game.
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#5 User is offline   EBoozer32 Icon

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Posted 07 September 2010 - 02:35 PM

[quote name='J-E-T-S 4417' date='06 September 2010 - 07:04 PM' timestamp='1283817897' post='309139']
So how do the Jets protect themselves against Revis deciding after 2011 that he doesn't like the fact that he'll get only $13.5 million over the last two years of the deal? The answer is sufficiently interesting to justify a different post.
[/quote]

Did they post the 'what if he's a little B again in 2 years'?
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#6 User is offline   Jetsfan115 Icon

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Posted 07 September 2010 - 03:00 PM

Its written in the contract that he can't hold out. Smart move my BT since revis has held out twice in 3 years
Get it done MT
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