Sign in to follow this  
Followers 0

Holmes' has agreed to a restructured contract


28 posts in this topic

Posted · Report post

Jets WR Santonio Holmes' has agreed to a restructured contract and will remain with the team for the 2013 season.

0

Share this post


Link to post
Share on other sites

Registered members don't see this ad. Register today, it is free! If you already have an account you can log in here.

Registered members don't see this ad. Register today, it is free! If you already have an account you can log in here.

Posted · Report post

Jets WR Santonio Holmes' has agreed to a restructured contract and will remain with the team for the 2013 season.

 

so much for the Jets having no leverage in asking to re-work

0

Share this post


Link to post
Share on other sites

Posted · Report post

I like Brian Bassett a lot, but he isn't having the best offseason lol:

Santonio Refused Contract Restructure

    

        March 12th, 2013

        12:20 pm

    

    

             

Brian Bassett            , theJetsBlog.com        

        

With the news today that the Jets have cut Sione Pouha for cap

reasons, it leads us to think that it was a move the team made out of

desperation around some other contracts that given the current climate

are …  unable to be restructured.

When last we heard about Santonio Holmes, it was rumored that a mercurial wide receiver was asked by the Jets to take a restructure, nay, that the Jets had were ‘insisting‘ that Santonio Holmes take a pay cut.   Mike Florio even wrote about it last night, arguing that Holmes should take a haircut to the tune of about $3.5 million.

On the edge of free agency that starts today at 4PM, whatever became of that?

Sources tell TheJetsBlog that when his camp was approached about the

idea, the suggestion was flatly refused and nothing has come of it

since.

While it’s easy to hate him for refusing to play along with the Jets wishes, it’s hard to blame Holmes because 2013 represents the largest salary

that he will have ever made in the NFL and money that he agreed to

backload to help the team make other moves in 2011 coming out of the CBA

deal and free agency frenzy in July of that year.  Holmes and his

agents are smart enough to realize that other

teams would not be so generous in guaranteeing the money that the Jets

did at that time as he recovers from his foot injury that put him on the

IR for much of the 2013 season.

The Jets would save $1.25 million on the cap should they cut Holmes,

but would lock in $11.2 million in dead money as well.  The leverage the

Jets ever had on forcing Holmes to restructure is minimal, but it has

been portrayed as otherwise at other times in the last two months.

 There is a $7.5 million cap and offset clause in Holmes’ contract that

is to the Jets favor should he sign elsewhere.  Coming off an injury,

it’s hard to imagine many teams throwing piles of cash at Holmes in the

first year of the deal, so any offset the Jets might receive would be

minimal, thereby making the Jets decision to move on or stick with him

all the more vexing.

Now comes the hard part.  If the Jets really did insist during negotiations that Holmes take a pay … what now?

Will they make good on their threat and realize the minimal savings

by cutting him, maybe even as soon as today? Or will they knuckle under,

realizing that assigning upwards of $11 million to a receiver who isn’t

playing for the Jets will just rankle the owner further?

0

Share this post


Link to post
Share on other sites

Posted · Report post

this is good news brother marshall, we shall discuss it later

 

0

Share this post


Link to post
Share on other sites

Posted · Report post

lol all the people saying the jets have no leverage

0

Share this post


Link to post
Share on other sites

Posted · Report post

Scum.  Bag.  

0

Share this post


Link to post
Share on other sites

Posted · Report post

How much does it suck that our new GM has to spend so much time cleaning up after our old GM? 

0

Share this post


Link to post
Share on other sites

Posted · Report post

despite all of this boards negative feelings towards Santonio, the guy is a talented football player when focused. yes he is coming off a major injury but on an offense that SEVERELY lacks weapons I am glad he is back. hopefully all the off field BS is kept to a minimum and he can return to the 7/8/9 total touchdown range. 

 

well done Idzik, welcome back Santonio 

0

Share this post


Link to post
Share on other sites

Posted · Report post

Curious to see when the details come out if this is really a straight-up paycut or a simply a money-shifting "restructure", as the latter would suggest they're likely committing to him for at least one more season after this, which would be a bit surprising.

0

Share this post


Link to post
Share on other sites

Posted · Report post

How much does it suck that our new GM has to spend so much time cleaning up after our old GM?

If no cleanup was needed, no new GM would be needed. :)
1

Share this post


Link to post
Share on other sites

Posted · Report post

Adam Schefter is reporting that Santonio has reworked his contract.  There was a report this morning from The Jets Blog saying that Santonio Holmes had turned down a request earlier this off season to restructure.

We will have more details as they emerge.  Until that time, here is a discussion thread on

0

Share this post


Link to post
Share on other sites

Posted · Report post

I will be interested to see if Santonio makes it back from this injury and how he will perform. From what I understand, not an easy injury to come back from.

0

Share this post


Link to post
Share on other sites

Posted · Report post

Interesting this happens after signing Garrard. 

0

Share this post


Link to post
Share on other sites

Posted · Report post

idzik 1

ilk     0

1

Share this post


Link to post
Share on other sites

Posted · Report post

I like Brian Bassett a lot, but he isn't having the best offseason lol

Blogs.

0

Share this post


Link to post
Share on other sites

Posted · Report post

Makes sense. Santonio wasn't going to be able to double dip on his contract, and nobody was going to give him more than $7.5 million this year. Jets say we'll keep you for $8 or 9 or we'll cut you and you can make $7.5 even. He makes another million-ish than he would have if he was cut, they save 2-3 million on the cap. Unless he decided to be a stubborn ass this was the only logical outcome based on his contract as I understand it.

0

Share this post


Link to post
Share on other sites

Posted · Report post

idzik 1

ilk 0

The Ilk, for the most part, like Holmes as a player. Personally, I hope Idzik reached into Holmes' pocket and took $2 mil back.

0

Share this post


Link to post
Share on other sites

Posted · Report post

I wonder if Santonio gets healthy in time for our last minute push to STILL NOT make the playoffs. 

0

Share this post


Link to post
Share on other sites

Posted · Report post

 Personally, I hope Idzik reached into Holmes' pocket and took $2 mil back.

 

And risk getting bitten by the trouser snake?

0

Share this post


Link to post
Share on other sites

Posted · Report post

I like Brian Bassett a lot, but he isn't having the best offseason lol:

Santonio Refused Contract Restructure

    

        March 12th, 2013

        12:20 pm

    

    

             

Brian Bassett            , theJetsBlog.com        

        

With the news today that the Jets have cut Sione Pouha for cap

reasons, it leads us to think that it was a move the team made out of

desperation around some other contracts that given the current climate

are …  unable to be restructured.

When last we heard about Santonio Holmes, it was rumored that a mercurial wide receiver was asked by the Jets to take a restructure, nay, that the Jets had were ‘insisting‘ that Santonio Holmes take a pay cut.   Mike Florio even wrote about it last night, arguing that Holmes should take a haircut to the tune of about $3.5 million.

On the edge of free agency that starts today at 4PM, whatever became of that?

Sources tell TheJetsBlog that when his camp was approached about the

idea, the suggestion was flatly refused and nothing has come of it

since.

While it’s easy to hate him for refusing to play along with the Jets wishes, it’s hard to blame Holmes because 2013 represents the largest salary

that he will have ever made in the NFL and money that he agreed to

backload to help the team make other moves in 2011 coming out of the CBA

deal and free agency frenzy in July of that year.  Holmes and his

agents are smart enough to realize that other

teams would not be so generous in guaranteeing the money that the Jets

did at that time as he recovers from his foot injury that put him on the

IR for much of the 2013 season.

The Jets would save $1.25 million on the cap should they cut Holmes,

but would lock in $11.2 million in dead money as well.  The leverage the

Jets ever had on forcing Holmes to restructure is minimal, but it has

been portrayed as otherwise at other times in the last two months.

 There is a $7.5 million cap and offset clause in Holmes’ contract that

is to the Jets favor should he sign elsewhere.  Coming off an injury,

it’s hard to imagine many teams throwing piles of cash at Holmes in the

first year of the deal, so any offset the Jets might receive would be

minimal, thereby making the Jets decision to move on or stick with him

all the more vexing.

Now comes the hard part.  If the Jets really did insist during negotiations that Holmes take a pay … what now?

Will they make good on their threat and realize the minimal savings

by cutting him, maybe even as soon as today? Or will they knuckle under,

realizing that assigning upwards of $11 million to a receiver who isn’t

playing for the Jets will just rankle the owner further?

Clearly he's using Mehta's source

0

Share this post


Link to post
Share on other sites

Posted · Report post

Details ?

0

Share this post


Link to post
Share on other sites

Posted · Report post

I will be interested to see if Santonio makes it back from this injury and how he will perform. From what I understand, not an easy injury to come back from.

he got hurt early so at least he's had 11 months to recover

0

Share this post


Link to post
Share on other sites

Posted · Report post

He might be a dick but losing him isn't going to help the team.

0

Share this post


Link to post
Share on other sites

Posted · Report post

Anyone else getting the sense that this guy Idzik is like a honey badger? He doesn't give a damn.

0

Share this post


Link to post
Share on other sites

Posted · Report post

That cap space is going to need some chemo and pills. 

1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0