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Jets Want Holmes To Restructure

Posted By Sports Talk Florida Rumors On February 25, 2013 @ 9:40 AM In News and Rumors,NFL | No Comments

[1]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?

For more on this story visit: Mike Florio, NBC Sports Pro Football Talk [2]

Jets Want Holmes To Restructure by

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[1] Image: http://www.sportstalkflorida.com/x-rays-negative-but-holmes-could-miss-a-few-weeks/jets_santonio_holmes_4/

[2] Mike Florio, NBC Sports Pro Football Talk : http://profootballtalk.nbcsports.com/2013/02/25/report-jets-want-holmes-to-restructure/

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