April 21 (Bloomberg) -- The New York Jets have agreed in principle to trade All-Pro cornerback Darrelle Revis to the Tampa Bay Buccaneers, Yahoo Sports reported.
The Jets will get undisclosed draft picks and Revis will have a long-term contract that will make him one of the highest-paid non-quarterbacks in the National Football League, Yahoo said, citing multiple sources it didn’t identify.
An All-Pro choice in three of his first five seasons, Revis played only two games last year before tearing a knee ligament. His ability to limit the NFL’s best pass catchers earned him the nickname “Revis Island,” a phrase he trademarked.
Revis is undergoing a physical examination today in Tampa Bay and a final agreement with the Buccaneers may be reached tonight or tomorrow morning, the report said.
The Jets are willing to let Revis go because the team was almost $20 million over the league salary cap when General Manager John Idzik arrived in January. If the Jets don’t trade Revis or meet his salary demands they risk losing him without compensation when he becomes an unrestricted free agent after the 2013 season.
The Buccaneers have $28 million of salary cap space, giving them the ability to match Revis’s demand of about $15 million to $16 million a year in pay, Yahoo said.
The Jets had a combined 14-18 record to miss the playoffs the past two seasons following back-to-back appearances in the American Football Conference championship game.
The Buccaneers went 7-9 last season in Greg Schiano’s first season as coach.
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