The New York Jets announced Monday that veteran WR Santonio Holmes has been released.
This move comes with little surprise given that we have been talking about Holmes being a cap casualty for over a year now.
Holmes, 29, still had two years remaining on his five-year, $45.25 million contract that included $24 million guaranteed. He would have made a base salary of $8.25 million for the 2014 season to go along with a $1 million roster bonus and a cap figure of $10.75 million.
- Releasing him frees up $8.25 million in cap space, according to OverTheCap.com.
Last year, Holmes caught 23 passes for 456 yards receiving and a touchdown over the course of 11 games.