Jets Re-Worked Santonio Holmes' Contract

Michael Lombardi of the National Football Post reported this morning that the New York Jets re-worked the contract of recently acquired wide receiver Santonio Holmes.

"When Holmes was traded, most of his money due in 2010 was in the form of his base salary, but since he became a Jet, the team shifted the money into roster bonus, reporting bonus and signing bonus so Holmes would pay as little as possible for his fine. This clearly cannot make the NFL league office happy and goes against the spirit of the suspension."

Holmes was slated to earn a $755,000 base salary in 2010, and a reliable league source informed me that Holmes was also due a $750,000 roster bonus this season, as well. How much of that roster bonus was converted to a signing bonus is unclear, but according to NFLPA records, Holmes' base salary for 2010 is now $630,000, the minimum salary for players with four (4) accrued seasons.

Thus reducing Holmes' fine related to his four-game suspension by $29,412.

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