So this is the Jets future if we sign Revis for the "workable" number of $15M/year (something like 5 years $75M with $45M guaranteed, plus he wants to tear up the last year of his existing deal with the "insulting" $6M base salary and no new bonus):
- 2013: give Revis $25M signing bonus. Base year salary is lower, but still have $3M cap hit from older deal. Cap # is still in the $10-12M range because we can't afford to have him hit more than that this year. Bloats salary numbers for the remaining 4 years of this new deal. 4 years $46M remain on his deal ($16M guaranteed)
- 2014: option bonus $8M and base salary is about $8M. Add to base salary the amortized amounts of new contract SB ($5M+$2M) and old contract SB ($3M). Cap # is $18M. Guaranteed money is now over. Revis has been paid $45M over the first 2 years.
- 2015: Base salary $10M. Amortized prior bonus amounts still $10M. Cap # is $21M.
- 2016: base salary is $16M. Amortized prior bonus $10M. Cap # is $24M.
- 2017: base salary is $17M. Amortized prior bonus $7M. Cap # is $22M.
Except here's the funny part. Revis will hold out after year 2 because $10M for the year is insulting to him. He wants more of his future money now. Jets have no choice since it is a fiscal impossibility to cut or trade him with the accelerated cap hit.
- New 2015 numbers: $9M option/signing bonus ($6M taken from 2016 or 2017 or $3M from each) and base salary dropped from $10M to $7M. New annual amortized bonus is $5M+2M+3M=$10M on top of the annual salary for the new contract and $3M for his old one remains. So 2015 his cap hit drops $1M to $20M.
- New 2016 numbers: $13M base salary + $13M amortized bonus = $26M cap hit
- New 2017 numbers: $14M base salary + $10M amortized bonus = $24M cap hit
So it's easy to see how a "$15M/year" contract turns into cap hits of:
- 2013: $12M
- 2014: $18M
- 2015: $20-21M (depending on holding out)
- 2016: $24-26M
- 2017: $22-24M
And that's a likely upside. Allow the possibility that the 5 years is an extension rather than a new deal, leaving time for him to hold out twice on the new deal. Or allow that his 2014 number will be higher. The higher that 2014 number is, the greater likelihood of him holding out in 2015. With or without that, this is pure insanity
even if you allow the great assumption that Revis will be 100% healthy and always playing at an all-pro level every month of every year for the next 5-6 seasons.
He's just a cornerback. An all-time great one, but just a cornerback nonetheless.