Holmes is considered one of the top WR free agents on the market alongside Santana Moss. Moss recently re-signed with the Washington Redskins for 3-years and $15 million. Holmes was rumored to be the Redskins first choice.
Despite sitting out the first four games of the 2010 season while serving a suspension for violating the league's substance-abuse policy, Holmes still managed to post decent numbers: 52 catches, 746 cards and six touchdowns.
One would assume given the interest the Redskins were showing, that the Jets offer will be even with, if not slightly better than, the one Moss received.
For more on the New York Jets and their free agency search, keep an eye on Gang Green Nation.