Santonio Restructures Contract Saves $3.5 Million On Cap

By Phil Sullivan Posted On March 12, 2013

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.

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

— Adam Schefter (@AdamSchefter) March 12, 2013

We will have more details as they emerge. Until that time, here is a discussion thread on Santonio Holmes.

UPDATE: According to reports Holmes’ 2013 salary decreased $3.5 million from $11 million to $7.5 million:

NFLPA records show Santonio Holmes new salary as $7.5 million #nyj

— Brian Costello (@BrianCoz) March 13, 2013

While Holmes restructure saves money this year it is being reported that both Holmes and Cromartie did not take a pay cut simple moved money around in their contracts:

Both are obviously simple restructures. Salaries are not being cut here, just moved around to help the cap. #nyj #jets

— Conor Orr (@ConorOrr) March 13, 2013

This Article Was Written By Phil Sullivan

Phil Sullivan

I started JetNation in 2005 and have been a New York Jets season ticket holder since graduating from high school. My dream is to see the New York Jets win the Super Bowl. Until then, I will be right here on JetNation writing, dreaming and talking NY Jets football.

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