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
