If we don't have a shitty QB at the helm, Holmes will produce. I would keep him, but ask him to restructure his contract. He's not a bad player. He was just frustrated that we had a terrible quarterback.
Is this not the same injury that ended Ty Law's effectiveness as an elite player in the league? I don't think anyone trades for damaged goods and I don't think we lose anything by letting him go.
The point your missing about his contract, is we would save at least 1 mill, but if he sings else where for any ammount, we then only owe him the difference between the new contract and 7.5 saving us even more money against the cap. Money wise we absolutely can afford to cut him. Talent wise? Well, I'm not exactly thinking this is a one year fix. If holes goes so be it. With a new GM in place he can use this year to clear out some old players and contracts and start building with his kind of people and players. I think the NY fans and media would handle it better this year as opposed to next.
I think it really comes down to whether or not the Jets think Holmes can contribute at a high level this season and whether they want him to be a major force in the locker room, since many other vets will be gone in the cap purge. A completely rational viewpoint probably leans towards cutting him loose, since his performance potential this year is unpredictable given the injury and he's probably the last guy you want to have as the "respected" vet in the locker room with all the newcomers and young players.
I think the staff still likes him. Rex has always raved about his skills and he's perhaps the only guy on the team right now that can be considered a playmaker with the ball in his hands. TE locker room issue is bigger and something that we only get to see the tip of the iceberg on. Depending on how contract talks go that could be the tipping point. I see Holmes the player as a valuable, productive part. We need more skill players like him, not less.
Okay, but why would that amount end up being anything other than the minimum? Whichever team signs him obviously isn't going to want to pay any more than they have to, and Holmes would have no incentive at all to negotiate a higher salary. At a quick glance, it looks like the minimum salary for him would be about $800K. So, yeah, they would save that additional amount (which still isn't enough to sign a starting quality replacement), but the front office would also have to swallow the fact that they are paying a WR on another team almost $7M, and losing one of their few offensive talents and recognizable names in the process.
Your assuming Holmes would sign with anyone for a one year vet min deal. I don't see that at all. If releases he is going to try and strke one more payday and someone will hand him a good deal.
If he is released, he gets paid $7.5M in 2013 no matter what deal he signs. Why would he care whether it is vet min or not? Sure, he could seek a multi-year contract, but 1) The timing would be pretty bad. His value is low right now... and 2) a multi-year deal could still only pay him the vet min in 2013. That would still leave the Jets on the hook for the rest of the money up to $7.5M, correct?
At this point I would say that depends on the wording in the contract. He could take vet min this year and take the rest in guarantees and bonuses, but does the wording take into account only his pay this season or the average value per year in the contract, which I do not know.
ESPN New York reports the Jets are "insisting" Santonio Holmes reduce his $11 million base salary. Source: ESPN New York Mar 8 - 11:57 AM
http://espn.go.com/blog/new-york/jets/post/_/id/21215/will-holmes-take-a-pay-cut One of the mini-dramas that will play out over the next few days is the status of WR Santonio Holmes, who was approached by the team more than a week ago to re-work his contract. The two sides are still talking, according to a source, with the Jets insisting that he reduce his $11 million base salary. The team needs the cap space as it heads into free agency. This should be interesting. It's a bit complicated because Holmes is guaranteed $7.5 million whether he's on the team or not, but there's language in his contract that prevents him from exceeding $7.5 million if he's released. In other words, if he signs elsewhere for $3 million in 2013, the Jets are on the hook for only $4.5 million. He can't "double dip." Assuming the Jets are offering more than $7.5 million for '13, it pays for Holmes to take the cut and stay put -- unless he's willing to sacrifice some money to start fresh and try to land with a contender. New GM John Idzik is known for his cap/negotiating acumen; let's see how he plays this one. It's hard to imagine Woody Johnson eating that much money. Plus, Holmes is their best receiving threat, although he's coming off a complicated foot surgery.
Show us one act of greatness #Uno Cero, take the pay cut. Holmes's contract is a major reason why we are in cap hell and a major reason why we lose #24. Holmes=the garbage man. He's like the never ending wipe after a nasty shit. He is such a pussy.
The draft pick of Hill was made to make Holmes effective at the Z. With Kerley, Hill(X), and either Keller or Cumberland at the Y, you need to keep Holmes if it all possible. Unless you have a slot guy, and think Kerley can replace Holmes. (he can, but then you are out a slot guy....)
Holmes has been asked to take a pay cut i wonder what will happen if he declines to take it?? will we tade him?? because we are short on WR's as it is.At the same time he just suffered a season ending injury and was overpaid by MR.T from day one. I wouldnt care to much if we traded him but theres no one to replace him at the moment
What motivation does he have to take a pay cut?... From my knowledge, we practically have zero leverage.
Just for the sake of shorthand, the Jets can go to him and say "We will cut you if you don't agree to reduce your salary from $11.25mm to $9mm (or some other number between the $7.5mm guarantee and $11.25mm). Holmes at this point can either say: "OK" - He plays for the Jets and earns $9mm. "Stuff it" - He plays for somebody else for (almost certainly) $7.5mm. The exception would be if the new team signs him for more than $7.5mm, the Jets are off the hook and he earns whatever they sign him for (not going to happen). If they sign him for less than $7.5mm, whatever amount they agree to pay him reduces the amount the Jets pay him to the balance of the $7.5mm - he still earns $7.5mm. So, there is absolutely no reason for any other team to sign him for more than the minimum and he has no incentive to try and get any other team to pay more than the minimum (he still earns $7.5mm), UNLESS he can get somebody to pay more than $7.5mm (again, not going to happen).
Less pay + loss of reputation if the Jets were to cut him outright due to him not being worth his cap figure. There's no way Holmes picks up from that and just moves on to another monster deal. He'll suffer financially.
