"Schefter suggests a trade: Alex Smith and a second round 49ers pick to the Jets for Darrelle Revis," tweeted Jane McManus of ESPNNewYork.com.
Maybe a little too much gumbo? In any event, the 49ers are one of the teams that has the cap space flexibility to afford Revis (both in 2013 and beyond), and getting Smith's $8.5 million off the books would help in that regard. As for the Jets, they'd have another highly-drafted QB on the roster to go along with Mark Sanchez, and as ESPN's Chris Sprow points out, that'd be around $21 million in 2013 cap hit for the combined services of Smith and Sanchez, which would be amongst the most "Jets" things the Jets have done in recent history.
A Smith-Revis swap? - NFL Rumors Blog - ESPN