Short of a trade in the next two days, the Tampa Bay Buccaneers are expected to release cornerback Darrelle Revis by 4 p.m. ET Wednesday, according to league sources.

The time is important because Revis has a $1.5 million roster bonus due on Wednesday, and the fourth-round pick the Buccaneers traded to the New York Jets last year would become a third-round pick if Revis is on Tampa's roster as of 4:01 Wednesday.

Thus, rather than lose the money and the extra round, the Bucs will try to trade Revis before then and if no deal is worked out, would likely to release him. Either way, the Jets are expected to receive a fourth-round pick from Tampa, not the Buccaneers' third.