Revis currently is under contract for 2015 with a 2015 cap hit of $25M, which is included. McCourty is a UFA for 2015, so he is not included. So the answer would be yes, as I explained, and as MgT argues.
For Miguel's breakdown see:
http://www.patsfans.com/salary-cap/?p=936?sc=rss
Note that the Pats can save considerable 2015 cap space by converting $6M of TB's salary into signing bonus ($4M cap savings), not to mention possible restructuring of Wilfork, Mayo, Arrington and Amendola, and possible cuts of Amendola and Hooman.
As MgT argues, if Revis can be signed to a 3 year extension his cap hit can be lowered to around $12-15M, for a $10-13M savings (he argues for the higher number; I'm being a bit more conservative). That should cover most or maybe even all of the cap hit for extending McCourty (probably about a $5M cap hit for 2015 on a multi-year extension), Chung, Casillas, Ayers and Branch.
I look at it this way:
- $142M league-wide cap
- $132M in current contracts cap hits, plus another $3M in ERFAs and escalators = $135M
- $4.6M in dead money =roughly $140M
- About $5M in carryover gives the Pats about $7M in cap space. They will want about that much space for the rookie pool, UDFAs, and carryover, so they are at about net 0.
- Revis extension and money frees allows for the key defensive players to be re-signed (Revis, McCourty, Branch, Ayers, Casillas, Chung)
- Restructurings, cuts and exensions frees up money to re-sign the other key players (Vereen, Connolly, maybe Cannon, Develin, maybe Bolden)
I think it will take some adept maneuvering, but it's doable, but that's just a first-pass guesstimate, and I'm not a capologist.