Today the New York Jets and wide receiver Santonio Holmes have parted ways. This news comes as no surprise to anyone as Holmes was due a tremendous amount of money this year. Holmes’ contract would have seen him command a base salary of %8.25 million and a salary cap hit of %10.75 million in 2014 as well as an additional %6.5 million in base salary and %9.25 million against the cap in 2015, according to sportrac.com. There was no way that the Jets could afford to keep him on the books going forward.
It has been reported that Holmes’ release will provide the Jets with an additional $8.3 million in salary cap space.
Holmes, a former Super Bowl MVP during him time with the Pittsburgh Steelers, was traded to the Jets before the 2010 season in exchange for a 5th round draft choice and signed an extension with the Jets prior to the 2011 season worth approximately $45 million, but he has never approached living up to that deal.
He was brought in and resigned with the intention of becoming the Jets number one receiving target for then quarterback Mark Sanchez, but it did not pan out the way the Jets front office had hoped. In his four seasons in New York, Holmes played all 16 games only once, 2011, scored only one touchdown each of the past two seasons and never totaled 750 yards receiving in any season for Gang Green.
The Jets have not had a 1,00 yard receiver since 2007 when Jerricho Cotchery, now a Steeler, when he had 1,130 yards through the air.
Holmes’ departure comes one day after the Jets made a similar cost cutting move when they released starting cornerback Antonio Cromartie. The Jets are also expected to release quarterback Mark Sanchez before the season begins. The removal of those three horrendous contracts from the Jets book should allow them to put more weapons around young starting quarterback Geno Smith to compliment their solid defensive group.