ESPN's Adam Schefter reported Tuesday afternoon that receiver Santonio Holmes has agreed to restructure his contract, which will ensure he remains with the team in 2013. (photo: Marianne O'Leary, Flickr)
According to Connor Orr of the Star-Ledger, details of the restructure are unknown but that it is expected to provide "significant" cap relief.
Holmes was set to make $7.5 million in guaranteed money in 2013 and was on the books for another $3.5 million in non-guaranteed cash. Kimberly A. Martin of Newsday reported Holmes' cap number as $12.5 million prior to the restructure.
The Jets relieved themselves of nearly $4 million earlier Tuesday by cutting veteran nose tackle Sione Po'uha.
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