TAMPA — The latest Darrelle Revis saga is, of course, all about money, and there is a way for the Buccaneers to get out of the financial bind that Revis’s $16 million salary creates and still keep Revis around.
Former Bucs general manager Mark Dominik explained it during a chat Monday night with hosts Alex Marvez and Gil Brandt on SiriusXM NFL Radio’s “Late Hits” show.
As reported last Sunday in the Tampa Tribune and TBO.com, Dominik structured the Revis deal in a way that gives the Bucs the flexibility necessary to reduce the financial impact of his contract.
“The thing that you can do is convert his paragraph five (salary), which is $13.5 million, to a signing bonus and lower his base (salary) almost to $1 million to create cap room,’’ Dominik said.
“Tampa Bay doesn’t need to do, that so they’re looking at it from a different perspective. But the trigger is in there that if you want to create cap room you can do that, and if you need cap and cash, you can do that, too.’’
By turning Revis’ salary into a signing bonus, the Bucs would be able to prorate that amount over the final five years of the deal, thereby saving them about $9 million on the cap for this year.
The Bucs are actively trying to restructure Revis’s contract but are making little headway, so they are also fielding offers for a possible trade.
Revis is due a $1.5 million roster bonus before the end of the week, so a conclusion to this matter should come shortly. But there is a way for it to end with the Bucs reducing their immediate financial commitment to Revis. It could even come as soon as today, but clearly the Bucs have some options here.