Re-signed
The Jets re-sign Colon to a one-year deal worth $870,000.
I am so happy to be back wearing the Green&White. Thank you to all who prayed for me and my family.
Signs five-year, $70m deal
The Jets sign Revis to a five-year deal worth $70 million. The money is guaranteed during the first two years: $16 million and $17 million, respectively. In 2017, $6 million of Revis’s $17 million salary is guaranteed. The deal came about after the Patriots declined to exercise Revis’s $20 million option for 2015.
I want to thank the Pats and Pats Nation for an unbelievable year. NEW YORK I’m coming home.
Trade
The Bears agree to trade Marshall to the Jets in exchange for a fifth-round draft pick. The trade relies on Marshall passing a physical. By trading Marshall, the Bears save $7.7 million in cash, and they give themselves $3.95 million in cap space. However, $5.625 million counts against the Bears’s 2015 salary cap.