New York Jets Cornerback Darrelle Revis Ends Holdout with 4 Year Contract; Should He Have Held Out for the 10 Year Contract

The Darrelle Revis hold out has finally ended. According to ESPN, the New York Jets and Revis have agreed on a 4 year contract resolution that's expected to pay Revis $46 million with over $30 million expected to be guaranteed. Revis will travel to New York and prepare for the regular season opener against the Baltimore Ravens on Monday Night.

While Revis receives greater compensation, he didn't receive the 10 year, $162 million he demanded. Revis's exception play during his first 3 seasons had many experts, including Rex Ryan, refer to him as the NFL's best cornerback .Nnamdi Asomugha, the NFL's other premiere cornerback, recently got a large contract deal. Revis has compensated similarly to Asomugha because he's considered amongst the league's best cornerbacks and felt he was worth $162 million.

The 4 year, $46 million is a temporary resolution. At 25, Darrelle Revis is expected to be an elite cornerback into the next decade. The 10 year contract would have guaranteed him more money today, but it would have been his last major contract, possibly his last contract overall.

Revis's new contract goes until he is 29. The 4 year contract resolution compensates him for his recent efforts. At the same time, it gives him the opportunity to seek out a long-term deal once he enters the prime of his career. With the potential of an uncapped NFL and the increasing nature of NFL salaries, Revis could make more money when he's becomes a free agent, especially with owners like Jerry Jones and Daniel Snyder who are known to overpay for free agents.

Similarly to Chris Johnson of the Tennessee Titans, Darrelle Revis's contract situation is just another amongst players holding out before their contracts have finished. Players often sign 4 to 5 year long rookie contracts but become frustrated at their compensation when they've outperformed their contract within the first few years. These disputes often occur within the third or fourth year of the rookie contract.

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REFERENCES

Rich Cimini, Darrelle Revis Ends Holdout With Jets. ESPN. September 6, 2010. September 6, 2010.