Buzz: Santonio Holmes agrees to restructured deal

Adam Schefter is reporting that Santonio Holmes has agreed to a restructured deal and will be a Jet for the 2013 season.

The Jets Blog reported this morning that Holmes had previously refused a restructured contract offer from the team.

Update – 2:44 p.m.: Manish Mehta also reports on the Holmes deal, writing, “it is a new, re-worked deal.”

Brian Bassett, TheJetsBlog.com

Based on the Jets cutting Sione this morning, it was clear that Holmes and the Jets were willing to go to the brink.  I was told by a trusted league source that Holmes had dismissed contract negotiations.

The move will likely clear up somewhere in the neighborhood of the $3.5 million beyond the $7.5 million the Jets are tied to pay him.  As I noted earlier, there was no reason for Holmes to do this deal as it probably represents his last major payday, he must be credited for helping out the team.