On a day when the New Jersey Devils signed winger Ilya Kovalchuk to a 17-year contract worth more than $100 million, ESPNNewYork.com reporter Rich Cimini tries to hurt our brains with NFL collective bargaining talk that's impacting New York Jets cornerback Darrelle Revis' attempts to procure a blockbuster deal.
RevisCimini explains why Revis likely won't sign a contract extension before the season begins. The "reallocation rule" has hindered Revis' negotiations with the Jets because of how it limits guaranteed money.
A fully guaranteed contract protects a player against skill and injury (i.e. getting cut because he's not good enough anymore or getting seriously hurt).
But in an uncapped year, which we're entering, future guarantees against skill and injury must fit under the salary cap from the previous year. That means, the Jets could fully guarantee Revis for the amount of money they didn't use in 2009. Cimini notes the Jets had only $300,000 left over.
The Jets can offer greater guarantees for skill or injury, but not both.
The Jets recently extended Pro Bowl left tackle D'Brickashaw Ferguson for six years and $60 million, a contract that featured 34.8 million in guarantees. Against skill or injury? He was given the option and picked skill, preventing the Jets from dropping him based on an opinion.
But as Cimini also points out there's nothing to prevent the Jets from awarding Revis an obnoxious signing bonus.
Or maybe since Revis is the greatest defender in any sport, Devils GM Lou Lamoriello should offer him a contract that lasts longer than the average lifespan of a hippopotamus.