Now that the Jets have released cornerback Darrelle Revis, what will become of the $6 million in salary Revis is guaranteed to earn in 2017?
Bad QB options for the Jets: Boomer says, 'Tony Romo, Jay Cutler, Colin Kaepernick'Well, he's still going to get that money, and the Jets will not attempt to recoup it, a league source told NJ Advance Media. The source also said Revis' arrest was strictly a football decision, and not at all related to his recent arrest for alleged involvement in a street fight.
The Jets did not offer Revis a pay cut to remain with them. They simply cut him -- a decision they announced Tuesday.
Revis was due to count $15.3 million against the Jets' salary cap in 2017. Of that, $13 million was his base salary. And of that $13 million, $6 million was guaranteed -- the last portion of the $39 million in fully guaranteed pay he got when he rejoined the Jets in 2015.
The Jets will save at least $9.3 million in cap space without Revis around. They'll have to eat, at most, $6 million in dead money, because of his salary guarantee. But the dead money cap hit will be offset by whatever Revis earns from his next team, presuming he plays in 2017.
After Revis' arrest on felony assault charges earlier this month, there was some thought that the Jets could perhaps try to recoup/void some or all of the $6 million -- and save themselves dead money counting against their cap, too.
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But the league source said the Jets decided not to pursue a recouping attempt of the $6 million, after the organization did its due diligence on Revis' arrest -- as it would for any player in that situation. Based on what the Jets learned about the incident, and based on the language in Revis' contract, the Jets opted not to chase the $6 million.
So Revis will get all of that $39 million for one serviceable season (2015) and one horrible season (2016). And the Jets will save at least that $9.3 million in cap space for 2017.
Darryl Slater may be reached at dslater@njadvancemedia.com. Follow him on Twitter @DarrylSlater. Find NJ.com Jets on Facebook.
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