Just saw this on Rotoworld:
Nothing major, but asking him to restructure is the correct approach.Santonio Holmes - WR - NYJ
ESPN New York suggests the Jets could ask Santonio Holmes to take a pay cut.
Holmes is owed $11 million in 2013, $7.5 million of which is guaranteed. He won't be released. Still, it's a lot to pay for an under-producing wideout coming off two surgeries to repair a Lisfranc fracture. New GM John Idzik has inherited a steaming pile of slop to work through this offseason.
Source: ESPN New York
I don't think it will happen, but Idzik knows the deal.