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Report: Timing of compensation holds up Revis trade

The timing of compensation appears to be the only holdup keeping the New York Jets and Tampa Bay Buccaneers from completing a trade for Pro Bowl cornerback Darrelle Revis.

SI.com reported Tampa Bay would agree to part with a first- and second-round pick in 2014 for the 27-year-old Revis who tore the ACL in his left knee in September.

But the Jets have been insisting on the Bucs' first-round pick this year, as well as an additional choice, which would likely come in next year's draft. That would give New York the ninth and 13th picks overall in this year's draft.

Three things about a potential trade of Revis came out of the owners' meetings this week in Phoenix, SI.com said.

First, Tampa Bay is the only team that is seriously considering making a deal for Revis. Second, any deal is now up to the Jets and third, the Bucs have made their best offer.

The Jets are handicapped when it comes to trading Revis. They can't franchise him after next season and if they don't trade him or re-sign him, he can leave via free agency next spring.

"The trade has to happen," a league source said. "The question is when. The Jets know they can't sign him, and (Jets general manager John) Idzik knows if he doesn't sign him he's got to get the best deal he can."

The Bucs would sign Revis to a long-term contract worth about $15 million per year, SI.com said.