The unusual contract Revis signed in 2010 makes his cap hit very low in 2013, makes his value to any NFL team extremely high in the short-term and makes him hard to extend beyond 2014. It is natural and necessary for the Jets to at least consider the option of a trade, especially with the added factor that Revis is coming off of a major ACL tear.
Nevertheless, barring an unexpected and phenomenal trade offer, the Jets should resist the urge to trade their franchise player. As I have argued in the past, Revis is not only the Jets' best player, he is the most dominant player with respect to his position in the NFL. No other player in the NFL—with the possible exception of J.J. Watt—is so far beyond all of his peers at his position.
The reason historically great players are rarely traded is that it is almost impossible in the NFL to get enough back in return to make it worthwhile. You cannot expect an elite player in return, and a great player like Revis would not have quite the same value for any other team that he does for his own. The Jets have a unique defense that has been designed around his unique skill set.
Even if the Jets ask for as many as two first-round picks, as has been suggested, it is unlikely that either pick would result in a franchise-changing player like Revis. The Jets organization will have to find a contract that works for both them and Revis or become a weaker team as the result of a trade.
New general manager John Idzik has other options at his disposal. Here are four moves he could make instead of trading away his best player to strengthen the franchise while maintaining a viable cap situation.