An example method for managing time offset and frequency drift in asynchronous Data Over Cable Service Interface Specification (DOCSIS) Remote Physical layer (R-PHY) network environments is provided and includes receiving, at a first hardware device, time synchronization message from a remote second hardware device in the DOCSIS R-PHY network, determining a time difference between a first clock at the first hardware device and a second clock at the second hardware device from the time synchronization message; and re-stamping an event message based on the time difference.