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The Jets are interested in re-working Santonio Holmes' deal amid a cap crunch, according to a report from ESPN's Adam Schefter.
Holmes is on the books to make $11.25 million next year. Of that, $7.5 million is guaranteed money. He represents one of the last major contracts dealt out during a Mike Tannenbaum era marked with heavy spending.
The consideration comes just a week after the Jets cut roughly $31 million in cap room by parting ways with veterans Bart Scott, Calvin Pace, Eric Smith and Jason Smith.
The move makes sense as the Jets try and put themselves in a position to rebuild under new GM John Idzik. Although Holmes had a dynamic 2010 season, scoring six touchdowns and netting 746 yards in just 12 games, he failed to recapture the same magic after signing a new deal. In the past two seasons, he has just 926 yards and nine touchdowns.
In addition, Holmes is recovering from a Lisfranc injury that caused him to miss 12 games last season. He had a second surgery this month to remove the plate in his foot and, as of early December, said that his doctors expected him to resume jogging in April
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