49 replies to this topic

[Bugg]

Would that open up any cap room? Does that somehow make it any easier to get rid of him, or is his guarantee cast in stone? The jets' cap is effed no matter what, but it would be good to get rid of this guy.

[#27TheDominator]

I don't think the PUP list has any bearing on the salary cap.  It just opens up another roster spot.

[T0mShane]

If I'm reading nyjetscap.com correctly, Holmes' cap hit is $11,250,000 if he's not on the team.

[j4jets]

If I'm reading nyjetscap.com correctly, Holmes' cap hit is $11,250,000 if he's not on the team.

True. HIs base is guaranteed, plus another $3.75mil for his remaining portion of the signing bonus. 7.5 + 3.75 = 11.25

[stoicsentry]

Why would we want to get rid of him when he's the most talented skill position player on our offense? I don't care if he's a diva, most WR's are...

[whodeawhodat]

Why would we want to get rid of him when he's the most talented skill position player on our offense? I don't care if he's a diva, most WR's are...

+1

[Sperm Edwards]

If he was going to miss about half the season anyway, followed by an unknown number of weeks of him getting his sea legs, I think they'd just cut him and wipe the slate clean of him for 2014.

[T0mShane]

Rex said this morning that Holmes won't be doing any work until Week One.

[Sperm Edwards]

Rex said this morning that Holmes won't be doing any work until Week One.

 

Define "work" please, Rex.

[#27TheDominator]

I wonder which PUP they will use.  If he isn't working until week 1 they will PUP him for sure.  Last year they added that PUP that you can be restored from.  Used to be that you had to wait until week 7 or something.  It isn't going to have any cap ramifications.  They might not cut him even if he is done because they probably don't want the extra cap hit this year, especially if they trade Revis and have to deal with that accelerated bonus.  They will at least wait until they see what they have/need.

[flgreen]

If he can’t play, and that is a very real possibility with this injury, there would be no point in cutting him.  As Dom pointed out, with the $13,000,000 cap hit from the Revis trade, they just couldn’t afford it.

 

It's very possible he will never be the same again

[Greenseed4]

Sounds like he's on our roster no matter what.  If he's playable he'll play, if not, he'll sit on the PUP/IR for the year.

[bitonti]

it's a nasty injury. Lis Franc fracture, it's possible he doesn't come back at all. 

[j4jets]

If he was going to miss about half the season anyway, followed by an unknown number of weeks of him getting his sea legs, I think they'd just cut him and wipe the slate clean of him for 2014.

 

Cutting him saves nothing for 2014. It will result in a  net Cap hit, if Jets had that space to begin with. That cap space would be carried forward to 2014 if they don't cut him. It has ZERO affect. Infact, it will have a negative affect since now you'd have to sign another player to replace him, even if its an undrafted rookie, dipping further into Jets cap space.

[Sperm Edwards]

Cutting him saves nothing for 2014. It will result in a  net Cap hit, if Jets had that space to begin with. That cap space would be carried forward to 2014 if they don't cut him. It has ZERO affect. Infact, it will have a negative affect since now you'd have to sign another player to replace him, even if its an undrafted rookie, dipping further into Jets cap space.

 

I don't think so.

 

Holmes was paid a signing bonus.  The cap hit for that signing bonus is spread out over the life of the contact if both parties see the contract to its natural end (as you're aware).  If he is cut, then the amortized portions of that bonus that would have hit in 2014 and beyond accelerate to 2013.  After 2013 his contract would be off the books.  Therefore there is a savings to the cap in 2014 (assuming he's cut then rather than paying him $9M or whatever he's due next year).

 

You bring up the space it would cost (presumably you're talking about 2013) to bring in someone else to take his place.  But if he's put on the PUP list, which is what I was responding to, and they have reason to have reservations as to how useful he'll be in the immediate weeks after that, then it's not all that much different for half the season or more.  We'd still need a starting WR for the first half of the season, and this would have a negative effect you speak of.

[HessStation]

Can't decide on worst contract ever, Holmes, Harris or Sanchez.

[JADEDGREEN]

Can't decide on worst contract ever, Holmes, Harris or Sanchez.

 

Because it's Gholston.

[#27TheDominator]

Pennington, Martin, the list goes on...

[HessStation]

Because it's Gholston.

That was a draft pick, which I was thinking as different.

[nycdan]

Might not seem like it but every team has their share.  Except that the Redskins have several shares when you factor in Haynseworth, Sanders and McNabb.  Oh and the Raiders have represented well so we have to pay homage to them.  Jets are probably midde-of the-road when all is said and done.