The Tampa Bay Buccaneers are planning to cut cornerback Darrelle Revis if they are unsuccessful in trading him prior to Wednesday afternoon, according to ESPN.

Revis has a $1.5 million roster bonus due Wednesday.

Should the Buccaneers retain Revis on their roster by after 4 p.m. Wednesday, then the New York Jets get a third-round pick instead of the fourth-round draft pick traded last year.

So, the Buccaneers are expected to attempt to trade Revis.

Under this scenario, the Jets would wind up with a fourth-round raqther than the third-rounder.

Revis is due a $16 million base salary.

Per the report, the Buccaneers haven't gotten anywhere on a restructure attempt.

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Aaron Wilson covers the Ravens for The Baltimore Sun