Revis has a $1.5 million roster bonus due Wednesday.
Should the Buccaneers retain Revis on their roster by after 4 p.m. Wednesday, then the New York Jets get a third-round pick instead of the fourth-round draft pick traded last year.
So, the Buccaneers are expected to attempt to trade Revis.
Under this scenario, the Jets would wind up with a fourth-round raqther than the third-rounder.
Revis is due a $16 million base salary.
Per the report, the Buccaneers haven't gotten anywhere on a restructure attempt.
Follow me on Twitter: @RavensInsider
Aaron Wilson covers the Ravens for The Baltimore Sun