FLORHAM PARK, NJ — Santonio Holmes is remaining a Jet. After all the speculation swirling that Holmes would be chasing the highest-paying suitor for his services, he has agreed to a 5-year deal with the Jets worth at an estimated $50 million dollars with $24 million in guarantees. Given the structure of this free agent period, Holmes will not be able to officially sign the deal until Friday.

If that $50 million number is correct, it will leave the Jets strapped to sign anyone else of significance. Of course there have been mega-rumors surrounding cornerback Nnamdi Asomugha and the Jets have voiced their desire to re-sign FA wideout Braylon Edwards. But if the Jets were to get both Asomugha and Edwards, it would not only take a pay cut to the players  but may also force players like Mark Sanchez, Darrelle Revis, and perhaps even more. Sanchez has already stated that he is willing to re-structure his deal in order to help the team go out and sign more players.

Get used to this picture. Santonio Holmes signed a 5-year, $50 million contract with $24 million in guarantees. (JetsInsider.com Photo).

Speaking of Edwards, he reached out to his former teammate via Twitter to congratulate Holmes on his new contract, stating: “Congrats to Santonio. A great player and great friend.”

In 12 games with the Jets last season, Holmes pulled in 52 catches for 746 yards and 6 touchdowns. He missed the first four games of the season serving a suspension for violating the league’s substance abuse policy. But upon his return, nearly single-handedly won five of the following six games for the Jets. He was regarded as the top offensive free agent on the market, second overall to cornerback Nnamdi Asomugha.

Originally drafted by the Pittsburgh Steelers 25th overall in the 2006 NFL Draft, he was traded to the Jets last season for a 5th-round pick, only a year removed from his Super Bowl heroics.

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