Many people are upset with Jets WR Santonio Holmes’ debacle yesterday and are gunning for the Jets to dump him but it’s not that simple. With the deal they just made last year it’s a very difficult decision and one that will cost them in the wallet if they do pull the trigger:
Per a source with knowledge of the situation, Holmes is due to receive a guaranteed base salary of $7.75 million in 2012. It’s fully guaranteed, for injury, skill, and salary cap.
And here’s where the decision gets even thornier. If he’s on the roster on the second day of the 2012 league year, $7.5 million of his $11 million base salary in 2013 becomes fully guaranteed, too.
And so the Jets have to decide whether to cut him loose and owe him only $7.75 million, or whether to keep him and owe him a fully guaranteed $7.75 million for 2012 and a fully guaranteed $7.5 million for 2013.
Kudos to Holmes’ agent for this contract. If he’s on the roster for day 2 of 2012 (league year) he’s guaranteed another year (2013). So it’s not like they can try him out for one more year and then cut him, they need to either cut ties now or be stuck with him for 2 more years. With the way that he gelled with Mark Sanchez this year, the Jets need to make sure what’s more important: The progression and success of the offense with Mark Sanchez or a gamble that Santonio Holmes will buy into whatever decisions the Jets make in 2012 and hope he plays 100% this tiime.
Whew, this is a tough one here. Going by my gut and emotion today, I say trade him for a fire sale and ask for a 4th or 5th and wish for the best.
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