"Salary-cap situation: Don't be surprised if the Jets try to get Holmes to take a pay cut on his $11 million base salary -- an exhorbitant amount for a No. 2-quality receiver coming off a serious injury. Problem is, $7.5 million of the salary is guaranteed. If they cut him, they'd take an $11.25 million cap hit and they'd also have to pay him the $7.5 million. However, unlike Mark Sanchez' guarantee, Holmes has an offset clause, meaning he can't double dip if he's released. In other words, his maxes out at $7.5 million in 2013 earnings if he's cut and signs elsewhere. Maybe, with financial motivation to stay a Jet, he'd be receptive to a restructured deal. New GM John Idzik is supposed to be a skilled negotiator; let's see if he can get Holmes to take a haircut" http://espn.go.com/blog/new-york/jets/post/_/id/20641/positional-analysis-wide-receiver-2 Won't be much and I guess him and his camp can call the Jets bluff but by telling him to restructure his contract to 8 mil and he can either do that or make 500K less from another team would save a few more million. I am 100% sure we have one of the worst cap situations in the league but I'm starting to think there is a lot the fans and media don't know.
Tanny has already mentioned there's a grander plan behind to this whole scenario, one that us mortals only will be able to see play itself out in due time. But in true doom n' gloom fashion, the media and SOJ fans will always lean towards Circus of Chaotic Catastrophy and how it's all lost.
Well in general there is an easy plan to get under, the bad part of the plan is it leaves open starting positions that we need to fill with the new found cap space. I'm not sure what Tanny meant when he mentioned it, but unless you go 7/7 on draft picks, there will be holes and really raw players starting and some lack of depth in key areas. It is what is. If Sanchez plays up to what was expected, the hurt of those holes lowers, if he doesn't it just magnifies the problems of the team
He should take a pay-cut. I do think that would make Holmes rather unhappy (nothing new there). Idzik has his work cut out for him this off-season. This will be one hell of an off-season.
It seems like you're assuming someone else would pay him $7.5 million per year. I'm not sure that would even happen. What teams are itching for overpaid #2 receivers that act like douchebags?
I hope he takes a pay cut to help fix the cap issues, but if he doesn't it's understandable too, he's an NFL player and we know how cruel this sport can be to players. They'll get rid of players like yesterdays garbage.
Well, T.O. stayed employed about three years longer than he should have. He may not get 7.5, but there are going to be teams to place more of his production problems on the lack of a QB and give him something if he is cut. I can see several playoff teams that could use him let alone some of the bottom feeders of the NFL. Holmes would get another job quick despite the hate he gets around here.
If I'm understanding it right, the only way he would make more than $7.5 mil is if another team signed him to that. If the Jets cut him, and he was signed to the vet minimum by another team, he'd still only make the $7.5 mil, not $7.5 plus whatever else he'd make. So I think, if the Jets were to pay him $8 mil, that would actually wind up being more than if he was cut and another team signed him to a $1 mil contract. Could be wrong but that's how I was interpreting it.
Holmes isn't nearly the receiver T.O. was. I'm sure he'd get a job but he's probably not going to get 7.5/year from anyone else. You're right - he'd get the difference from the Jets if someone else paid him $5 million per year. I misunderstood.
no-one takes a pay cut. they may get the accounting changed, but these guys all get their money. probably will get more in the long run. i'd do the same thing, if i had leverage. unfortunately i have no leverage. d'oh!
I don't know Tannenbaum personally but considering he is no longer with the Jets, his choice of words and his demeanor during his WFAN interview made me believe that the Jets Front Office know exactly how to get out of this "cap hell" and that there is a concrete plan in place. Remember all those good years where people said "In Tanny We Trust"....I think he's still good at maniuplating the cap and we aren't in such a terrible position. He did deserve the firing tho due to the Sanchez contract. He locked us into Sanchez to free up cap space that he never even used.
Going forward, but as the other poster pointed out, they probably had a plan to deal with the cap already in place. The only difference being the difference in Idziks evaluation of Cap problem players.
So if we cut Holmes, and a team signs him for say 4 mil... We'd pay him an extra 3.5 mil to equate to that 7.5mil guarantee. does that mean his cap hit goes down from 11 mil to 3.5 mil in that scenario?
Fuck Holmes...........send a message, and rid ourselves of him as soon as possible, its gonna hurt cap wise......but wtf
