Skip to content

Report: Jets want Holmes to restructure

350x Getty Images

When the Jets opted not to cut the cord on receiver Santonio Holmes after an ugly ending to the 2011 season, the passage of time activated a provision in his contract that gave him $7.5 million guaranteed in 2013 — to go along with the $7.75 million that he already was guaranteed to make in 2012.

After Holmes played in only four games last season, the Jets likely have more than a little remorse.

Now, the Jets will try to restructure Holmes’ contract in the hope of reducing his $12.5 million cap number for 2013, according to Adam Schefter of ESPN.

The fact that the $7.5 million guarantee has an offset provision, reducing the guarantee based on the money Holmes would make elsewhere, makes this situation a little easier for the Jets to finagle than the Mark Sanchez deal, which has $8.25 million fully guaranteed in 2013, with no offset language.  But how much would another team pay Holmes if he were on the open market?

If no other team would pay Holmes more than $7.5 million, the Jets possibly could squeeze him into taking less than the $11.25 million he’s due to make.  Really, anything more than $7.5 million would be more than he’d make if he were cut.

Of course, there’s also a chance Holmes simply wants out, and that he’s willing to make only $7.5 million in order to leave New York.  To get out, he may simply have to refuse to accept a reduced contract for the coming season.

Permalink 27 Comments Feed for comments Latest Stories in: New York Jets, Rumor Mill, Top Stories
27 Responses to “Report: Jets want Holmes to restructure”
  1. iced107 says: Feb 25, 2013 8:20 AM

    come to St.Louis…. you already know schotty’s offense, and you’d have a way better team around you (Especially Quarterback!)

  2. areyoudue says: Feb 25, 2013 8:23 AM

    Santiono, please refuse to accept a reduced contract for the coming season, signed Jet fans everywhere.

  3. lightcleric says: Feb 25, 2013 8:24 AM

    Hell, I’d pay THEM $7.5 mil to cut me if I could get away from that circus. Then again Sntonio is part of the mess himself…

  4. steelbydesign says: Feb 25, 2013 8:36 AM

    Santonio is the perfect example of how the locker room that a player is in can affect his behavior.

    When he was in Pittsburgh he kept his nose clean for the most part. He WAS eventually shipped out due to his boneheaded twitter stuff… But he was actually a leader on the Steelers.

    He goes to the Jets and is calling out teammates every other week.

  5. eagleswin says: Feb 25, 2013 8:45 AM

    Imagine if they had gotten rid of Tannenbaum 2 or 3 years ago. I bet he’s glad he got fired and doesn’t have to deal with the bad contracts that he created.

  6. eventhorizon04 says: Feb 25, 2013 9:16 AM

    Jets have no WR depth behind him, his salary this year is guaranteed, and he knows his value is at an all-time low because he’s coming off an ACL tear…and they expect him to restructure his deal and take a paycut?

    ….Yeah, I don’t see that happening.

  7. wrdtoyrmama says: Feb 25, 2013 9:19 AM

    Winning masks a lot of what goes on in an NFL locker room. Losing exposes it.

    Having said that, its interesting to hear the stories coming out of Pittsburgh this week about the lack of leadership when they had a subpar year last year.

    I’m just guessing here, but Holmes just didn’t become a knucklehead when he arrived in NY.

  8. tjacks7 says: Feb 25, 2013 9:34 AM

    Report: Holmes wants Jets to find a new QB and coach.

  9. CKL says: Feb 25, 2013 9:58 AM

    If Idzik can clean up the mess left to him by Tanny within 2-3 years he should be exec of the year.

  10. radford7 says: Feb 25, 2013 10:22 AM

    Typical Jets, over pay for a guy over the hill.

  11. jarvis1104 says: Feb 25, 2013 10:50 AM

    Holmes should still be a Steeler and it bothers me. I don’t blame the team for trading him though

  12. micknangold says: Feb 25, 2013 11:22 AM

    Fellow Jets fans, you’re being very foolish if you think the Jets don’t desperately need Holmes for this coming season – unless you just want the Jets to tank it on purpose. I’d never want to see that. I don’t think we’ll be good (6-7 wins tops), but I want them to at least make an effort to be competitive next year.

  13. itssocoldinthed says: Feb 25, 2013 11:48 AM

    Remember when he was still with the steelers and he tweeted that he was going to wake and bake? That was awesome

  14. robert831 says: Feb 25, 2013 12:17 PM

    Cut him already!!

  15. jetsfaninjersey says: Feb 25, 2013 12:19 PM

    “Santonio is the perfect example of how the locker room that a player is in can affect his behavior.

    When he was in Pittsburgh he kept his nose clean for the most part. He WAS eventually shipped out due to his boneheaded twitter stuff… But he was actually a leader on the Steelers.”

    correction ..his BS with the Steelers including a 4 games suspension (served as a Jet) for weed was the last straw for the Rooneys. They do not tolerate players with problems and thus sent packing for a 4th rounder I believe…he was damaged good prior and the Jets thought that they could get him on track.

  16. harrisonhits2 says: Feb 25, 2013 12:21 PM

    Anyone who’d pay this cancer 7.5 mil a year deserves what they’ll get – underperformance and huge locker room problem.

  17. namaths5thofwhiskey says: Feb 25, 2013 12:55 PM

    Yes go to the Rams. Lmao. Please do. Signed Jet fans everywhere.

  18. chawk12thman says: Feb 25, 2013 1:05 PM

    They really want him to give them back his money but all they can hope for is him willing to stop the larceny……..

  19. engymass2 says: Feb 25, 2013 1:06 PM

    I would try to go back to Pittsburgh if I were him. He was known as the “Raven Killa”.

  20. jwcarlson says: Feb 25, 2013 1:10 PM

    Report: Holmes wants Jets to restructure

  21. mattmillen4president says: Feb 25, 2013 1:24 PM

    steelbydesign says:
    Feb 25, 2013 8:36 AM
    Santonio is the perfect example of how the locker room that a player is in can affect his behavior.

    When he was in Pittsburgh he kept his nose clean for the most part. He WAS eventually shipped out due to his boneheaded twitter stuff… But he was actually a leader on the Steelers.

    He goes to the Jets and is calling out teammates every other week.

    Exactly none of that is accurate. While in Pittsburgh he had domestic problems and drug problems. He was shipped out because his actions had him on the verge of a league suspension.

    I don’t think you know what “leader” means either. I’d explain it to you but I’m not good with children.

  22. 808raiderinparadise says: Feb 25, 2013 1:27 PM

    Jets: Holmes we need you to restructure to hlep the team please.

    Holmes: Ask the guy who throws bounce passes at me.

  23. Deb says: Feb 25, 2013 1:27 PM

    @steelbydesign …

    Santonio was never a leader with the Steelers. But other leaders on the team, like Ward, were able to keep him in check so that he was productive on the field. Without that stabilizing locker-room influence, he’s been far less productive … certainly less productive than the hit he’ll be making on the Jets’ salary cap. He may want out, but it’s hard to see what other team would want to take him on. Bruce Arians might be able to get something out of him, but he’s got Larry Fitzgerald.

  24. jetfanoverseas says: Feb 25, 2013 3:56 PM

    Deb says:
    “Santonio was never a leader with the Steelers. But other leaders on the team, like Ward, were able to keep him in check so that he was productive on the field. Without that stabilizing locker-room influence, he’s been far less productive.”

    Sorry, but this is just additional nonsense from PFT Jet haters who immediately run to their keyboards to comment about the Jets “circus” and how every other team is better. Others have already shown the inaccuracy of Steelbydesign’s comments, and you too are trying to create something that does not exist, instead of looking at the most obvious reason staring you in the face. You try to blame his drop in performance on fewer leaders. His performance dropped because he went from the 4th or 5th best QB in the league to the absolute worst. PERIOD. As for his “team” problems, he had none last year. He had them two years ago because he and everyone else on offense was frustrated with Sanchez’s inability to get a ball anywhere near their hands, let alone where they can run with the ball and create some YAC. Adding to that, he was coming off of a mega contract paying him like one of the top 5 WR’s in the league, and Rex then compounded the problem by making him an offensive captain, even though he was a spoiled guy who is not a natural leader, had never showed leadership before, and was already playing with two strikes against him. So naturally, he suddenly felt entitled to comment about everyone else’s failure w/o thinking that you first have to set an example yourself. Once REX realized his mistakes, there were no “team” problems on the JETS last year, despite the fact that they had an even worse record, which always leads to griping. Did you see how two years w/o playoffs suddenly had Big Ben griping about his OC and other players griping about each other?

  25. nyjalleffingday says: Feb 25, 2013 4:27 PM

    @eventhorizon04

    This just in: the ACL is now located in the foot.

  26. bigjoe2269 says: Feb 26, 2013 2:05 PM

    funny when he was becoming a free agent every news source said so many teams were after him and the jets have to resign him or they are crazy to let him go – now the bandwagon is against the jets so they report it was a terrible signing – what a joke

  27. lrjets says: Feb 27, 2013 6:09 AM

    micknangold says:Feb 25, 2013 11:22 AM

    Fellow Jets fans, you’re being very foolish if you think the Jets don’t desperately need Holmes for this coming season – unless you just want the Jets to tank it on purpose. I’d never want to see that. I don’t think we’ll be good (6-7 wins tops), but I want them to at least make an effort to be competitive next year.

    I believe if the Jets won 6 last year within that tumultuous environ, they can win 8 games this year.
    Rex learned to shut up, no Sparano, improvement of (hopefully) Coples, add: Revis (or something good for him), Holmes, and the recipe sounds two games better.

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!