Report: Jets “insisting” Santonio Holmes reduce salary

AP

Back in February, there was a report that the Jets wanted wide receiver Santonio Holmes to restructure his contract for the 2013 season.

With free agency just days away, the reports have upped the Jets’ desire for an amended contract from want to insist. Rich Cimini of ESPNNewYork.com reports that the Jets and Holmes are still talking and that the Jets are “insisting” Holmes reduce his $11 million salary (plus $250,000 for a workout bonus) for next season.

Holmes’ $7.5 million in guaranteed money would seem to make this an easy call for the player to call the team’s bluff, but there’s offset language in Holmes’ contract that would mean he can’t double dip in the event he’s cut by the Jets. The only way he’s making more than $7.5 million is by staying with the Jets, which could provide a path toward a slightly more manageable salary and cap figure for Holmes in 2013.

Or Holmes might decide to just take his $7.5 million and play somewhere else. That would leave the Jets on the hook for some portion of the $7.5 million and out their best receiver, which might be a situation they’d like to avoid.

32 responses to “Report: Jets “insisting” Santonio Holmes reduce salary

  1. Santonio, Wyatt Earp is looking for you! I suggest you “get out of town” quickly!!

  2. Josh,

    You misinterpreted the article. The Jets wouldn’t be on the hook for the full $7.5 M because they’d be off the hook for whatever Holmes earned in 2013 from another team. The way they can save the most money is actually cutting him because that $7.5 M would likely be cut in half at the least.

    Josh Alper: I knew that, phrased it poorly. Thanks for pointing it out, I cleaned it up.

  3. They told Tone the cart was there to take him to Funland, but he could clearly see the words “Glue Factory” had been hastily painted over on the side of the vehicle.

  4. You misinterpreted the article. The Jets wouldn’t be on the hook for the full $7.5 M because they’d be off the hook for whatever Holmes earned in 2013 from another team. The way they can save the most money is actually cutting him because that $7.5 M would likely be cut in half at the least.
    _______________________________

    I’m bettin his agent would take that into account and try to force most of the money he would earn in year ine into guaranteed money in year two. At least that’s what I would do if I was his agent and let him play at minimum salary year one to maximize his earnings.

  5. Man did Tannenbaum screw up the Jets. He treated their salary cap like a freaking Ponzi scheme. He blew money like a drunken sailor on leave, I cannot believe some of the money they owe their busts like Sanchez. And all that guaranteed money! The Jets don’t even have any flexibility due to the guarantees. The mismanagement is epic.

  6. So the worst case for the Jets would be that they cut him and Santonio isn’t offered more than 7.5 by anyone, so to stick it to the Jets he signs with New England for the veteran minimum, still gets his 7.5 mil and the Jets end up paying him to play (minus the vet minimum) for their arch rivals. Very interesting power play here for both sides.

  7. They might be out their best receiver but they’d also get rid of perhaps their biggest remaining locker room cancer.

    “ronin262 says:
    Mar 8, 2013 2:45 PM
    Man did Tannenbaum screw up the Jets. He treated their salary cap like a freaking Ponzi scheme.”

    That’s because he was at a point with the Jets his last couple years there that it was either win big or he was going to lose his job. He knew full well that if they won the SB he would have been given the latitude to clean up his mess, and he also knew that if they sucked like they actually did it wouldn’t be his problem to clean up.

    Either way he really didn’t care.

  8. Nothing Santonio would like more than to be with any team with a better passer than Sanchez.

  9. The Mark Sanchez butt fumble is still the best of the worst plays on ESPN. This organization is the biggest joke out of all pro sports. I love it. I don’t see any reason to write about the jets anymore, unless it’s confirming that the jets will select Clowney with the #1 pick in the 2014 draft

  10. No morons…you signed him to that contract, now pay up! The difference between teams like the Jets & Steelers…perfect example right here. Know when to cut your losses!

  11. Rumor is they need more cap room to give Mark Sanchez another big contract extension.

  12. I think the cap hit is a lot more than 7.5mil if they cut him. He’s a def head case, but looks like he is in an ideal situation to call their bluff!

  13. I realize there are some people who care about the Jets but, come on man. Enough about this train wreck. Where’s the Tebow news anyway? Where are the intelligent musing of Rex? You guys are slipping.

  14. The Jets WR core should be called “the hands team” because the QB’s throw onside kicks

  15. There’s no guarantee Holmes will be able to play in 2013. If we’re tanking the year we may as well let him go.

  16. gottaplan says:Mar 8, 2013 2:34 PM

    Every aspect of this team is a mess…. I love it!

    Jealousy,hatred, and stupidity makes for a sad hat trick.

    Your statement is the hallmark of most here.

    And…most here would rather see this Jets mess, than success for their team.

    Sad.

  17. bigbosscrispy says:Mar 8, 2013 3:03 PM

    The Mark Sanchez butt fumble is still the best of the worst plays on ESPN. This organization is the biggest joke out of all pro sports. I love it. I don’t see any reason to write about the jets anymore, unless it’s confirming that the jets will select Clowney with the #1 pick in the 2014 draft

    Yet you make a concerted effort to come to this, the Jets corner to read (or having it read to you), and reply.
    This is the life you chose.
    Reflect on that.

  18. Every time I’m sad or upset…I just think…well it could be worse…I could be a jets fan!

    seriously worst team in football…including Pop Warner

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