Cornerback Darrelle Revis finalized his trade from the New York Jets on Sunday by agreeing to a contract with the Tampa Bay Buccaneers reportedly worth $96 million over six years.
That would make Revis the highest-paid defensive back in NFL history if he collects it all, but reports indicate none of the money is guaranteed.
His agents, Neil Schwartz and Jonathan Feinsod, reported on Twitter that there was an agreement on terms between Revis and the Buccaneers. Details were not announced, but ESPN's Adam Schefter and NFL.com's Ian Rapoport reported the finances.
The Jets received the Bucs' No. 13 pick in the first round and a fourth-round pick in 2014 that could become a third-round selection if Revis is on the roster the third day of the 2014 NFL year, according to ESPN.
Because there is no guaranteed money, the Bucs would be able to cut Revis as early as 2014 if he does not sufficiently recover from his ACL surgery, or for any other reason. In practice, these agreements are technically a series of one-year options to be exercised by the team.
In this case, his deal averages $16 million a year, and reports indicate that includes $13 million in base pay and $3 million in bonuses.
Revis will be formally introduced by the Bucs at noon on Monday. He reached out to Jets fans Sunday in a series of messages on Twitter.
"I been sitting around for the last hour trying to figure out what to say to the Jet Nation & I came up with this," he posted on his Twitter account.
"The six years I played for the New York Jets were unbelievable. I put my body on the line everyday & did everything could to help the team win. I experienced a lot & learned a lot. The memories I had in New York I will keep dearly to my heart. I want to thank all the jets fans for making me feel welcome."
Revis flew to Tampa in a private plane and went to the Buccaneers' facility on Sunday afternoon for a physical exam that was the last hurdle in the way of finalizing the trade. Revis had surgery to repair a torn anterior cruciate ligament in his left knee that knocked him out of action in the third game of last season.
Although Revis was cleared to run last week and is reported to be progressing well, it is not uncommon that deals involving a player coming off surgery include contingencies based on playing time or performance.
"We have no concerns about Darrelle Revis' physical condition," a Bucs official told ESPN's Sal Paolantonio. "He will be out there the first day of training camp and ready to go Week 1."
For the Bucs, this deal is just one of several the team made to address a pass defense that was last in the league in 2012. Tampa Bay already signed former San Francisco 49ers safety Dashon Goldson to a free agent deal worth $41.25 million over five years.
For the Jets, this trade is part of a move by new general manager John Idzik to build for the future. They now have their own ninth pick in the first round and the Bucs' No. 13.
Revis was entering the final season of a front-loaded, four-year deal he signed in 2010. He was due to receive a $3 million base salary and another $3 million in bonuses. Revis earned $1 million from a workout bonus for showing up at the Jets' voluntary offseason workout program last week.
Idzik explained that parting with Revis was complicated, based on business. It had been clear for some time that Revis' financial desires were not something the Jets either could or would fulfill.
"We feel like even though it was hard, very hard to do, it was the best for all concerned," Idzik told the (Newark) Star-Ledger. "Ideally we would have wanted to wait, let things play out a little bit more. We ultimately came to the conclusion that this was the best thing to do for the Jets at this time."
Jets coach Rex Ryan, whose own stay with the Jets may be in jeopardy, said he was involved in the deal to trade Revis, whom he still rates as the NFL's best cornerback.
"I don't take (back) one word I've said about Darrelle Revis," Ryan said. "I think he is the best corner in football."