According to ESPN’s Adam Schefter, the New York Jets will try to restructure wide receiver Santonio Holmes’ contract.
Jets will try to restructure Santonio Holmes' contract, per sources. Holmes scheduled to make $11.25 million in 2013, $7.5 of which is gtd.
— Adam Schefter (@AdamSchefter) February 25, 2013
The Jets are currently $6 million under the cap. Holmes’ current deal has him slated to eat up $12.5 million in cap space in 2013. If they redo his contract, it will free up a lot more room for the Jets to make some moves in free agency.