He only has like 4mil left on his signing bonus the rest is movable. Theoretically we could save over 8 mil if we could trade him. I think he could be traded but many jets fans will say no. He is not a top WR so 8 mil is a high salary for someone to take.
If Holmes is on the Jets roster in the middle of February 2012 his 2013 dead money will increase by $7,500,000.
That 7.5 is moveable in trade. But there are a few teams out there in such bad shape at WR maybe they would pull the trigger. Yeah SL is not going to be calling but SD, Cleveland, Miami, Minni, KC, and NE are all teams that could use his ability to improve more then us. None of them have viable #2s and a few of them may be loosing there #1s who if they even have one. Yes though injury, high salary, and attitude may scare anyone away. He is a clutch redzone guy that even a team like Philly may look at.