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Guest Message by DevFuse

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Holmes' has agreed to a restructured contract


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27 replies to this topic

#1 F.Chowds

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Posted 12 March 2013 - 01:30 PM

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


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#2 jetsman

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Posted 12 March 2013 - 01:33 PM

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


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#3 Maxman

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Posted 12 March 2013 - 01:34 PM

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?
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#4 bitonti

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Posted 12 March 2013 - 01:35 PM

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

 


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#5 jetsjetsjetss

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Posted 12 March 2013 - 01:36 PM

lol all the people saying the jets have no leverage


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#6 JiF

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Posted 12 March 2013 - 01:40 PM

Scum.  Bag.  


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#7 Joe Jets fan

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Posted 12 March 2013 - 01:40 PM

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


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#8 19andOhWait

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Posted 12 March 2013 - 01:40 PM

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 


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#9 Bleedin Green

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Posted 12 March 2013 - 01:41 PM

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.


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#10 Maxman

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Posted 12 March 2013 - 01:42 PM

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. :)
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#11 Scott Dierking

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Posted 12 March 2013 - 01:44 PM

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.


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Originally Posted by Blackout
LOL ignorance is bless.

#12 The Crusher

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Posted 12 March 2013 - 01:48 PM

Interesting this happens after signing Garrard. 


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#13 JetNation

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Posted 12 March 2013 - 01:44 PM

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 Santonio Holmes.

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#14 whodeawhodat

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Posted 12 March 2013 - 01:48 PM

idzik 1

ilk     0


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#15 T0mShane

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Posted 12 March 2013 - 01:48 PM

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


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#16 derp

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Posted 12 March 2013 - 01:50 PM

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.


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#17 T0mShane

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Posted 12 March 2013 - 01:50 PM

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.
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#18 Greenseed4

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Posted 12 March 2013 - 01:51 PM

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


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#19 Greenseed4

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Posted 12 March 2013 - 01:55 PM

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

 

And risk getting bitten by the trouser snake?


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#20 flgreen

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Posted 12 March 2013 - 02:00 PM

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


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#21 JetsFanInDenver

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Posted 12 March 2013 - 02:08 PM

Details ?


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#22 Blackout

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Posted 12 March 2013 - 05:16 PM

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


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#23 New York Mick

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Posted 12 March 2013 - 05:29 PM

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

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Posted 12 March 2013 - 05:50 PM

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


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#25 SenorGato

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Posted 12 March 2013 - 05:56 PM

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


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