It was reported/rumored during the first week in August that the Patriots and Darrelle Revis had started talks about extending his contract which is due to expire after the 2015 season. It seems appropriate to now look at his comparables and propose a contract that I consider fair to both him and the Patriots.

Background information: Darrelle Revis will be 29 years old when the 2014 season starts. Revis has been selected to five Pro Bowl (2008, 2009, 2010, 2011 and 2013) and has earned three first-team All Pro honors (2009, 2010 and 2011). Revis was named AFC Defensive Player of the Year in 2009 after finishing the year with 72 total tackles and six interceptions.

When Darrelle Revis signed with the Patriots on March 12, it was widely reported to be an one-year $12 million deal. On March 13 ESPNBoston.Com’s Mike Reiss reported that “An important wrinkle has been learned about the contract Darrelle Revis has agreed to with the Patriots. It has widely been reported as a one-year, $12 million deal, which is accurate. Revis will earn $12 million this season. But for salary-cap accounting purposes, and to protect Revis from being assigned the franchise tag in 2015, the sides have added a second year to the pact in 2015 that would pay Revis $20 million and count $25 million against the salary cap. The $20 million is an astronomical figure, as is the $25 million cap charge. That makes it unlikely the Patriots would pay it, thus making Revis an unrestricted free agent in 2015 or one of the highest-paid players in football. The second year helps the Patriots spread out the salary-cap charges for Revis over two seasons instead of taking one $12 million salary-cap hit in 2014. Revis’ cap charge for 2014 is now $7 million.”

There have been four recent rankings of the NFL’s Top 100 players. They were done by Pro Football Focus, CBS Sportsline’s Pete Prisco, CBS Sportsline’s Pat Kirwan, and NFL players as tabulated by NFL Network. Revis ranked 18th, 28th, 21st, and 38th respectively.

Player Date of Birth Pro Football Focus Pete Prisco Pat Kirwan NFL Players
Darrelle Revis 7/14/1985 18 28 21 38
Richard Sherman 3/30/1988 6 11 13 7
Joe Haden 4/18/1989 75 33 28 39
Patrick Peterson 7/11/1990 58 8 7 22

Now let’s look at some financial comparables. Richard Sherman is almost 3 years younger than Revis. Sherman’s contract contains $40 million in guarantees. His 2014 salary is fully guaranteed. His 2015 salary will become fully guaranteed five days after the Super Bowl. All of his 2016 salary and 5 million of his 2017 salary will become fully guaranteed five days after the 2016 Super Bowl.

Richard Sherman
Year Base Salary Prorated Bonus Roster Bonus Workout Bonus Cap Number Dead Money Cap Savings Cash Received Total Cash Received
2014 $1,431,000 $2,245,606 $0 $0 $3,676,606 $3,245,606 in 2014;$8,800,000 in 2015 0 $12,431,000 $12,431,000
2015 $10,000,000 $2,200,000 $0 $0 $12,200,000 $8,800,000 $3,400,000 $10,000,000 $22,431,000
2016 $12,569,000 $2,200,000 $0 $0 $14,769,000 $6,600,000 $8,169,000 $12,569,000 $35,000,000
2017 $11,431,000 $2,200,000 $0 $0 $13,631,000 $4,400,000 $9,231,000 $11,431,000 $46,431,000
2018 $11,000,000 $2,200,000 $0 $0 $13,000,000 $2,200,000 $10,800,000 $11,000,000 $57,431,000

Joe Haden is almost 4 years younger than Revis. Haden received over $45 million in guarantees, the most ever received by a cornerback. His 2014, 2015, and 2016 salaries are guaranteed. 4 million of his 2017 salary is guaranteed. Haden has a $100,000 incentive for making it to the Pro Bowl.

Joe Haden
Year Base Salary Prorated Bonus Pro Bowl Bonus Workout Bonus Cap Number Dead Money Cap Savings Cash Received Total Cash Received
2014 $6,678,193 $5,149,702 $100,000 $200,000 $12,127,895 $45,078,193 ($32,950,298) $22,978,193 $22,978,193
2015 $8,300,000 $3,200,000 $100,000 $100,000 $11,700,000 $35,200,000 ($23,500,000) $8,500,000 $31,478,193
2016 $10,100,000 $3,200,000 $100,000 $100,000 $13,500,000 $23,700,000 $(10,200,000) $10,300,000 $41,778,193
2017 $11,100,000 $3,200,000 $100,000 $100,000 $14,500,000 $10,400,000 $4,100,000 $11,300,000 $53,078,193
2018 $11,100,000 $3,200,000 $100,000 $100,000 $14,500,000 $6,400,000 $8,100,000 $11,300,000 $64,378,193
2019 $10,400,000 $0 $100,000 $100,000 $10,600,000 $0 $10,600,000 $10,600,000 $74,978,193

Patrick Peterson is almost 5 years younger than Revis. Peterson, like Richard Sherman, was named to the first All-Pro team in 2013. Peterson’s 2014 salary is fully guaranteed. His 2015 and 2016 salary are guaranteed for injury now and will become fully guaranteed the 5th day of that year’s waiver period.

Patrick Peterson
Year Base Salary Prorated Bonus Pro Bowl Bonus Workout Bonus Cap Number Dead Money Cap Savings Cash Received Total Cash Received
2014 $889,114 $6,048,195 $0 $0 $6,937,309 $6,937,309 in 2014, $12,289,509 in 2015 $0 $16,250,000 $16,250,000
2015 $11,619,000 $3,072,377 $0 $250,000 $14,941,377 $23,908,509 ($8,967,132) $11,869,000 $28,120,000
2016 $9,750,000 $3,072,377 $0 $250,000 $13,072,377 $18,967,132 ($5,894,754) $10,000,000 $38,120,000
2017 $9,750,000 $3,072,377 $0 $250,000 $13,072,377 $15,894,754 ($2,822,377) $10,000,000 $48,120,000
2018 $11,000,000 $3,072,377 $0 $250,000 $14,322,377 $3,072,377 $11,250,000 $11,250,000 $59,370,000
2019 $11,000,000 $0 $0 $250,000 $11,250,000 $0 $11,250,000 $11,250,000 $70,620,000
2020 $12,050,000 $0 $250,000 $250,000 $12,550,000 $0 $12,550,000 $12,550,000 $83,170,000

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 may 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.

Darrelle Revis – 12M APY
Year Base Salary Prorated Bonus Roster Bonus Workout Bonus Cap Number Dead Money Cap Savings Cash Received Total Cash Received
2014 $1,500,000 $5,000,000 $500,000 $0 $7,000,000 $6,500,000 $5,000 $12,000,000 $12,000,000
2015 $1,000,000 $9,750,000 $500,000 $0 $11,250,000 $15,250,000 ($4,000,000) $15,750,000 $27,750,000
2016 $9,500,000 $4,750,000 $500,000 $0 $14,750,000 $14,750,000 $0 $10,000,000 $37,750,000
2017 $9,750,000 $4,750,000 $500,000 $0 $14,750,000 $4,750,000 $10,250,000 $10,250,000 $48,000,000

This next deal averages 13 million per year in new money over the three extended years. That 13M APY would give Revis the 4th highest APY for a cornerback and more cash in Years 1, 2 and 3 ($39 million) than will the trio received ($38,315,000) in their extensions. The 2015 salary will be fully guaranteed. $5.25 million of his 2016 salary will be guaranteed for injury now and will become fully guaranteed the 5th day after the 2016 Super Bowl)

Darrelle Revis – 13M APY
Year Base Salary Prorated Bonus Roster Bonus Workout Bonus Cap Number Dead Money Cap Savings Cash Received Total Cash Received
2014 $1,500,000 $5,000,000 $500,000 $0 $7,000,000 $6,500,000 $5,000 $12,000,000 $12,000,000
2015 $4,000,000 $9,750,000 $500,000 $0 $14,250,000 $18,250,000 ($4,000,000) $18,750,000 $30,750,000
2016 $9,500,000 $4,750,000 $500,000 $0 $14,750,000 $14,750,000 $0 $10,000,000 $40,750,000
2017 $9,750,000 $4,750,000 $500,000 $0 $14,750,000 $4,750,000 $10,250,000 $10,250,000 $51,000,000

This next deal averages 14 million per year in new money over the three extended years. That 14M APY would tie Revis for the 2nd highest APY for a cornerback and more cash in Years 1, 2 and 3 than any other cornerback in NFL history. The 2015 salary will be fully guaranteed. $6.25 million of his 2016 salary will be guaranteed for injury now and will become fully guaranteed the 5th day after the 2016 Super Bowl) making it the same cap number to keep Revis on or off the Patriots roster.

Darrelle Revis – 14M APY
Year Base Salary Prorated Bonus Roster Bonus Workout Bonus Cap Number Dead Money Cap Savings Cash Received Total Cash Received
2014 $1,500,000 $5,000,000 $500,000 $0 $7,000,000 $6,500,000 $5,000 $12,000,000 $12,000,000
2015 $4,000,000 $9,750,000 $500,000 $0 $14,250,000 $18,250,000 ($4,000,000) $18,750,000 $30,750,000
2016 $10,500,000 $4,750,000 $500,000 $0 $15,750,000 $15,750,000 $0 $11,000,000 $41,750,000
2017 $11,750,000 $4,750,000 $500,000 $0 $17,000,000 $4,750,000 $12,250,000 $12,250,000 $54,000,000

This next deal averages 15 million per year in new money over the three extended years. Revis would get a $15 million signing bonus. That 15M APY would give Revis the highest APY for a cornerback in the NFL The 2015 salary will be fully guaranteed. $6 million of his 2016 salary will be guaranteed for injury now and will become fully guaranteed the 5th day after the 2016 Super Bowl) making it the same cap number to keep Revis on or off the Patriots roster. Revis will end up earning as much cash ($57 million) in 4 years (2014 through 2017) as will Brady over 5 years (2013 through 2017).

Darrelle Revis – 15M APY
Year Base Salary Prorated Bonus Roster Bonus Workout Bonus Cap Number Dead Money Cap Savings Cash Received Total Cash Received
2014 $1,500,000 $5,000,000 $500,000 $0 $7,000,000 $6,500,000 $5,000 $12,000,000 $12,000,000
2015 $5,000,000 $10,000,000 $500,000 $0 $15,500,000 $20,000,000 ($5,000,000) $20,500,000 $32,500,000
2016 $10,500,000 $5,000,000 $500,000 $0 $16,000,000 $16,000,000 $0 $11,000,000 $43,500,000
2017 $13,000,000 $5,000,000 $500,000 $0 $18,500,000 $5,000,000 $13,500,000 $13,500,000 $57,000,000

This next proposal tries to give Revis the average cash intake that Joe Haden, Patrick Peterson, and Richard Sherman received in their 3 extensions. The problem I found crafting this proposal was do how I factor the $10 million signing bonus already given to Revis. Do I consider it part of the extension? Or do I consider it as part of a brand new deal?Extends Revis through the 2019 season (on average the trio is signed through the 2019 season)
Gives him a $15 million signing bonus which would be prorated over 5 years (2014/2015/2016/2017/2018/2019)
Lowers his 2014 salary from $1,500,000 to $730,000 (the lowest possible salary for a player with 6 credited seasons)
Lowers his 2015 salary from $7,500,000 to $1,000,000
Eliminates the 2015 $12.5 million roster bonus
Guarantees fully his 2014,2015, and 2016 salaries.
Deal gives him more cash in Year 1 than the trio and then ends up giving up the average for the rest of the deal

Darrelle Revis – Getting an average of the Haden, Peterson, and Sherman deals
Year Base Salary Prorated Bonus Roster Bonus Cap Number Dead Money Cap Savings Cash Received Total Cash Received
2014 $735,000 $8,000,000 $500,000 $9,235,000 $36,835,000 ($10,635,000 in 2014), ($7,500,000 in 2015) $26,235,000 $26,235,000
2015 $1,000,000 $8,000,000 $500,000 $9,500,000 $28,100,000 ($18,600,000) $1,500,000 $27,735,000
2016 $10,100,000 $3,000,000 $500,000 $13,600,000 $19,100,000 ($5,500,000) $10,600,000 $38,335,000
2017 $10,400,000 $3,000,000 $500,000 $10,900,000 $6,000,000 $4,700,000 $10,900,000 $49,235,000
2018 $10,700,000 $3,000,000 $500,000 $11,200,000 $3,000,000 $9,200,000 $11,200,000 $60,435,000
2018 $10,650,000 $0 $500,000 $11,150,000 $0 $11,150,000 $11,150,000 $71,585,000

http://overthecap.com/freeagents.php?Position=CB&Year=2015 lists the cornerbacks who will become free agents after this season. As of now, Revis should be considered the best available free agent cornerback. There is no one that I consider to be in Revis’ class.http://overthecap.com/top-player-salaries.php?Position=CB
lists the APYs for cornerbacks.A extension with a 12M APY would make Revis the 4th highest paid cornerback
12.5M APY would make Revis the 4th highest paid cornerback
13M APY would make Revis the 4th highest paid cornerback
13.5M APY would tie Revis for 3rd
14M APY would tie Revis for 2nd
14.01M APY would tie Revis for 1st