According to political analysts, the disgraced Democratic senator Robert Menendez will resign on Tuesday and is currently negotiating with Joe Biden for a pardon before the president leaves the White House at the end the year.

Menendez was convicted on 16 counts of corruption and bribery last month. He accepted cash and gold for his position to protect and enrich three businessmen, the Egyptian government and Qatari government.

A New Jersey political operative, who declined to identify himself, said that “he’s probably trying to get either a pardon for him or a reduction of his sentence.”

“Bob Menendez is not a person who does things for nothing. At this point, I’d think he’d want to leave to save his children from embarrassment and perhaps even to help his wife.”

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Menendez faces a maximum sentence of 200 years when he is sentenced to prison in October.

Menendez ran as an independent candidate in the November election, but dropped out last week. This allowed Andy Kim, the Democratic frontrunner to win his seat.

According to sources, Menendez dropped out as his last bargaining chip. Democrats were worried that if he had stayed in, he would have split the vote and led to a win for Republican Curtis Bashaw.

Nadine Arslanian has also been charged with corruption and bribery, although her trial was postponed until further notice as she is undergoing treatment for breast cancer.

George Helmy, the former chief of staff to New Jersey Governor Phil Murphy, was appointed by Menendez as a temporary replacement for Menendez’s seat in September.

Thomas Anderson, the director of Last Government Watchdog (a transparency and accountability organization), said that Bob Menendez’s last-ditch efforts to secure a Pardon through dropping out of an event he shouldn’t have participated in and a resignation at the last minute probably won’t be enough to keep him out of prison.

Rob Menendez won the Democratic Primary race in New Jersey to run for the Congressional seat of his father, who is a Senator. His legal problems do not seem to have affected his son. Alicia Menendez is Menendez’s son and a broadcast journalist for MSNBC.

Menendez and Arslanian are often seen dining at their favorite restaurant in their neighborhood, despite their conviction.

Former friend said, “They were out at Grissini’s looking like there was no care in the whole world.” The restaurant is located in Englewood Cliffs where the couple lives.

The Post reported that Menendez had switched his affiliation from Democrat into independent as an insurance policy.

The Stock Act could result in his losing health insurance and pension benefits. It punishes legislators convicted of corruption related felonies with the removal of their retirement benefits.

According to the US Office of Personnel Management, the 70-year old lawmaker earns $174,000 annually as a senator and is eligible for a pension of almost $140,000 per year. He and his wife would also be covered by health insurance for life if they were a member of Congress who had served more than 30 years in government.

In a letter sent to the Senate last month, he announced that he would be stepping down on August 20. This date is also a day of pay for Senate staffers and senators.

Menendez, after a trial that lasted almost three months, was found guilty in July by the Manhattan federal court. He was convicted in an elaborate scheme where he accepted hundreds of thousands in cash, gold bar and a Mercedes convertible as favors.

Menendez said that he will appeal his conviction. He is scheduled to be sentenced Oct. 29.

Hank Sheinkopf, a political analyst, said that “it’s not how he wanted to have the story go.” He is hoping for pardon, but that won’t be happening now. It would only allow Republicans to use his image as a poster boy for the corruption of the Democratic Party.

If it happened, it would be after the 5 November election.

The Post did not receive a response from the lawyer who represented Menendez in his trial on Monday.

Menendez’s trial strategy blamed his wife primarily for introducing her to New Jersey businessmen seeking official favors.

“I am deeply, deeply dissatisfied with the jury’s verdict.” Menendez, who said “I’ve never broken my public oath,” outside the courtroom last month, expressed his confidence that the jury’s decision would not be upheld by the law or the facts.