UPDATE: Well, so much for the Darrelle Revis sweepstakes, as the 28-year-old has apparently chosen winning over money.
According to ESPN (h/t Gregg Rosenthal of NFL.com), Revis has signed a one-year, $12 million contract with the New England Patriots.
However, Revis' manager denied an agreement was in place, tweeting, "As of now, nothing has been agreed to with Revis and Patriots."
A year ago, the Tampa Bay Buccaneers traded a package of picks (including a first-rounder) to the New York Jets for cornerback Darrelle Revis. Then they signed the Pro Bowler to a six-year, $96 million contract.
Luckily, none of that contract was guaranteed, as just one year later the Bucs have cut bait.
As Gregg Rosenthal of NFL.com reported, on Wednesday the Buccaneers released the 28-year-old, who is a poor fit for the Cover 2 defensive scheme that is favored by new Tampa coach Lovie Smith.
Given that Revis was the top-ranked cornerback at Pro Football Focus (subscription required) last year and has five Pro Bowls on his resume, there will be no shortage of suitors for his services.
In fact, after losing cornerback Aqib Talib to the Denver Broncos, Glenn Yoder of Boston.com expects the New England Patriots to take a hard look at Revis.
The Pats could offer the seven-year veteran a chance to win, but money could be an issue. He is going to command a lot of money on the open market, and the Patriots only have about $17.5 million in cap space, according to Spotrac.
However, plenty of teams have the room to make a run at Revis. Eleven NFL teams have more than $25 million in salary-cap wiggle room as things stand now, although it's safe to say the Buccaneers won't be among the bidders.
Let's examine those teams and whether it makes sense for them to lease a winter home on Revis Island.