Therefore, it seems reasonable to venture that a Revis extension in the $12 to $14 million per year average range would be fair for both sides and would recognize that Revis, while better than Sherman, Haden, and Peterson, is also older than the aforementioned trio. An extension will lower Revis’ 2015 $25 million cap number. Here is one example how:
Extend Revis through the 2017 season.
Give him a $14.25 million signing bonus which would be prorated over 3 years (2015/2016/2017).
Lower his salary from $7,000,000 to $1,000,000.
Eliminate the $12.5 million roster bonus.
2015 Current cap number of $25,000,000 consists of:
$7,500,000 salary
$5,000,000 signing bonus proration
$12,500,000 roster bonus paid on 4/1/2015
$500,000 46-man active roster bonus
Proposed 2015 cap number of $11,250,000 consists of:
$1,000,000 salary (fully guaranteed)
$5,000,000 existing bonus proration
$4,750,000 new signing bonus proration
$500,000 46-man active roster bonus
Proposed 2016 cap number of $14,750,000 consists of:
$9,500,000 salary (5.25 million guaranteed for injury now; becomes fully guaranteed the 5th day after the 2016 Super Bowl)
$4,750,000 new signing bonus proration
$500,000 46-man active roster bonus
Proposed 2017 cap number of $14,750,000 consists of:
$9,500,000 salary
$4,750,000 signing bonus proration
$500,000 46-man active roster bonus
This deal averages 12 million per year in new money over the three extended years. That 12M APY would give Revis the 4th highest APY for a cornerback and more cash in Years 1, 2 and 3 than will Richard Sherman receive in his extension.