Cornerback Darrelle Revis officially agreed to a one-year, $12 million deal with the New England Patriots according to his business manager, John Geiger.
Revis’ contract includes a team option worth $20 million in 2015, according to reports. If picked up by the Patriots before the start of the 2015 league year next March, Revis’ deal would include a $12 million bonus and $7.5 million base salary. The other $500,000 is tied to game-to-game bonuses.
The signing came less than 24 hours after cornerback Aqib Talib left the Patriots for the Denver Broncos and Revis was released by the Tampa Bay Buccaneers.
Revis must pass his physical and sign his contract to remain the NFL’s highest paid cornerback. Those formalities should be completed by the end of business Thursday.
The signing would give the Patriots the player they needed to replace Talib, who signed a six-year, $54 million deal with the Denver Broncos on Tuesday night.
Revis was recovering from a torn ACL in his left knee when he joined the Buccaneers, who traded multiple draft picks to the New York Jets and gave Revis a six-year, $96 million contract. The structure of the deal — a series of one-year deals for $16 million per season with no signing bonus — made releasing him more palatable.
The Buccaneers traded a first-round pick and a conditional draft choice to the Jets. In his first season with the Buccaneers, Revis started all 16 games, recording 50 tackles, 11 passes defensed, two interceptions, two forced fumbles, one fumble recovery and one sack.
“We would like to thank Darrelle for his time and effort with our organization last year,” Buccaneers general manager Jason Licht. “Darrelle showed a lot of heart last year as he worked extremely hard to get himself back on the field following his knee injury sustained the previous season.
“We have specific ideas regarding the best way to build this defense and, while you never like to lose a good player, we believe this is in the best interests of our team moving forward. Darrelle was a true professional here in Tampa Bay and we wish him continued success in his career.”
Releasing Revis enabled the Bucs to avoid paying a $1.5 million roster bonus. It also lessened the 2014 draft pick compensation going to the Jets. Since Revis is not on the roster, the Buccaneers owe the Jets a fourth-round pick in May’s draft instead of a third-rounder.