I'm sure he'll be given every chance to earn a starting role, but I don't think he'll be a starter in Week 1 (just due to the holdout).
As for the contract, reports say it was a 6-year deal (what the Jets wanted), but if certain stats are reached, it can be voided after four years.
Scout.com:
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"Revis and his representatives, initially seeking a five-year deal, were happy because the complex contract can void after four years if he appears in at least 35% of the plays this season or 45% in one of the next three seasons," wrote Cimini in the New York Daily News. "In that case, the Jets have the option of buying back the last two years for a minimum of $14 million. The total value of the contract is $30 million-$36 million, with $16 million in the first four years ($11 million guaranteed)."
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