Jets owner Woody Johnson wants to explore trading Darrelle Revis

Revis Island may be on the market.

According to Jason La Canfora of CBSSports.com, New York Jets owner Woody Johnson is hesitant to sign cornerback Darrelle Revis to a contract extension this offseason and would like the team to explore trade possibilities in an attempt to get something of value in return for Revis.

Revis has been regarded as the league's top cornerback, earning trips to the Pro Bowl from 2008 through 2011, All-Pro honors from 2009 through 2011 and was the AFC Defensive Player of the Year in 2009. The 27-year-old Revis had his string of Pro Bowls and All-Pro appearances come to an end after missing the final 14 games of the 2012 season with a torn ACL in his left knee.

Revis' recovery from knee surgery will not be the only hurdle to a trade.

Following a lengthy holdout in 2010, Revis signed a seven-year, $55 million extension that was viewed as a "band aid" contract as the final three seasons (2014-16) are set to void after the 2013 season. Despite the contract paying out $40 million in the first three seasons, Revis has been unhappy with the contract and contemplated a training camp holdout in 2012, an empty threat as doing so would have "triggered" the final three years of the deal and kept him under contract with the Jets through the 2016 season at $3 million per season.

Revis is scheduled to earn $6 million in cash compensation in 2013 and will certainly be looking for over $12 million per season with over $30 million in guaranteed money on an extension, either from the Jets or from the team that is willing to meet the Jets' trade demands, which will likely involve at least one first-round draft choice.

If Johnson wants to avoid cutting any more checks to the Pro Bowl cornerback, the Jets will want to act quickly when the 2013 league year begins on March 12. According to a source with knowledge of the contract, Revis is due to receive a $1 million roster bonus on the fifth day of the 2013 league year. Revis is also due a $1 million workout bonus, a $1 million "reporting bonus" and has a $3 million base salary for the 2013 regular season.

First-year general manager John Idzik has considerable work to do to get the Jets salary cap compliant at the start of the 2013 league year and trading Revis will only exacerbate those efforts. If traded, the $12 million in proration from Revis' $18 million option bonus in 2011 would immediately accelerate onto the Jets' 2013 salary cap, increasing Revis' 2013 cap number from $9 million to $12 million.