Jets want Santonio Holmes to restructure contract, according to report

Ronald Martinez

The New York Jets want to restructure wide receiver Santonio Holmes' contract, just a week after clearing more than $30 million of cap relief.

Even though the New York Jets parted ways with Calvin Pace, Bart Scott, Eric Smith, Josh Baker and Jason Smith last week, the team still finds itself in salary cap trouble. According to ESPN's Adam Schefter, the Jets want Santonio Holmes to restructure his contract, to give the Jets more cap flexibility leading up to free agency and the 2013 NFL Draft.

If Holmes doesn't restructure his deal and isn't released, the wide receiver will make $11.25 million in 2013. Holmes signed a five-year, $45.25 million contract in 2011, with $24 million of the contract guaranteed. Holmes is guaranteed $7.5 million in 2013 alone.

For more on the Jets, head over to Gang Green Nation

Per Schefter, the Jets have some leverage in restructure talks. Holmes' salary for 2013 is $7.5 million -- even if he's cut and signs with another team. If another team paid Holmes less than $7.5 million, the Jets would pay the difference in the salary.

Holmes had his least-productive year as a professional in 2012. Marred by a Lisfranc injury that held the wide receiver to just four games, Holmes caught 20 passes for 272 yards and a touchdown. In three seasons with New York, Holmes has 123 receptions for 1,672 yards and 15 touchdowns in 32 games.

More in the NFL:

'Best player available’ and other lies

Linemen running the 40 will inspire you

Mike McCarthy is confused

GIF: Tavon Austin, Marquise Goodwin with blistering 40s

Mike Mayock explains why he likes big butts

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.