Cole reported Friday afternoon that the team plans to decline the option and avoid the $25 million cap hit. Cole says the Patriots should know by Monday if Revis indeed plans on hitting the open market or negotiating with the team during the three-day so-called “legal tampering” period that begins Friday night at midnight.
Cole characterized the Patriots as “confident” a new deal could be reached and that the Jets would be ready to “swoop in” if it falls through.
So, everything is playing out as expected. If the Jets are actually the only major contender, all signs point to Revis probably returning.