What's buzzing:

Shutdown Corner

Jets place Santonio Holmes on injured reserve

Shutdown Corner

(Getty Images)

As expected, New York Jets general manager Mike Tannenbaum announced on Wednesday that wide receiver Santonio Holmes has been placed on season-ending injured reserve. The veteran receiver and Super Bowl XLIII Most Valuable Player sustained a Lisfranc injury to his left foot at the start of the fourth quarter in Sunday's 34-0 loss to the San Francisco 49ers.

Signed to a five-year, $45 million contract following the lockout and named a team captain by head coach Rex Ryan before the start of the 2011 regular season, Holmes caught 51 passes for 654 yards and eight touchdowns in '11 but was benched during the second half of the Jets' regular-season finale as teammates claimed he quit on the club.

Despite those allegations, Holmes remained on the roster, perhaps due to the $7.75 million in fully guaranteed base salary he was due in 2012. However, by keeping Holmes on the roster five days into the 2012 waiver period, which began right after Super Bowl XLVI, $7.5 million of Holmes' $11 million base salary in 2013 became fully guaranteed.  That large financial guarantee may not be enough to preserve Holmes' spot on the roster moving forward as the Jets would save $3.75 million in cash (the non-guaranteed portion of his base salary plus a $250,000 workout bonus) and 2013 cap space by releasing Holmes in the offseason.

A video or other embedded content has been hidden. Click here to view it.

According to a source with knowledge of NFL cap space, the Jets have nearly $142 million in salary cap commitments in 2013, though $12 million of that total is from the acquired contract of offensive tackle Jason Smith which will void before the 2013 league year officially begins. With the cap expected to remain flat (around $121 million), the Jets may need to free up additional room.

Through four games, Holmes has team highs with 41 targets, 20 receptions and 272 receiving yards, adding one touchdown.

To replace Holmes, the Jets have signed veteran wide receiver Jason Hill to an undisclosed contract. A 2007 third-round pick out of Washington State by the San Francisco 49ers, Hill has 76 receptions for 1,028 yards and eight touchdowns in a 50-game career with the 49ers and Jacksonville Jaguars, where he spent part of the 2010 and 2011 seasons. Hill made headlines last September when he attempted to trash-talk Jets All-Pro cornerback Darrelle Revis.

Hill went to training camp with the Denver Broncos in 2012, catching four passes for 35 yards and a touchdown but was released prior to the start of the regular season. Hill has a very minor connection to Jets' receivers coach Sanjay Lal, who was in the same position with the 2011 Oakland Raiders when Hill was brought in for a tryout last Dec. 27.

Other popular content on the Yahoo! network:
Bold statements from the first quarter of the 2012 NFL season
ESPN's 30-for-30 'Broke' makes an impression on today's college hoops stars
DeSean Jackson is moving quickly toward a rap career
Y! Autos: For Datsun revival, Nissan gambles on $3,000 model

View Comments (430)
  • Day, Bae share Barclays lead after three rounds

    Day, Bae share Barclays lead after three rounds

    By Larry Fine EDISON, New Jersey (Reuters) - PGA Championship winner Jason Day and Bae Sang-moon of South Korea fired matching scores of seven-under 63 in a Saturday shootout to share the third-round lead at The Barclays. Day and Bae stood on … More »

    Reuters - 3 minutes 12 seconds ago
  • Two-goal Mueller marks Bayern milestone in style

    Two-goal Mueller marks Bayern milestone in style

    By Karolos Grohmann BERLIN (Reuters) - Thomas Mueller celebrated his 200th Bundesliga match by netting twice as Bayern Munich eased past Bayer Leverkusen 3-0 to go top of the Bundesliga on Saturday, their third win in three matches this season. A … More »

    Reuters - 4 minutes 28 seconds ago
  • City keep up perfect start, Chelsea slump at home

    City keep up perfect start, Chelsea slump at home

    By Tom Hayward LONDON (Reuters) - Manchester City maintained their perfect start to the season with a 2-0 victory over promoted Watford as champions Chelsea suffered a shock 2-1 home defeat by Crystal Palace on Saturday. Raheem Sterling scored his … More »

    Reuters - 5 minutes ago
  • James, Bale lift Real as Vermaelen rescues Barca

    James, Bale lift Real as Vermaelen rescues Barca

    Real Madrid got their season up and running when Gareth Bale and James Rodriguez struck twice in a 5-0 drubbing of Real Betis on Saturday while La Liga champions Barcelona edged Malaga 1-0 to maintain their perfect start. New coach Rafa Benitez … More »

    Reuters - 7 minutes ago
  • Belgian Boeckmans in coma after Vuelta crash

    Belgian Boeckmans in coma after Vuelta crash

    MADRID (Reuters) - Belgian Kris Boeckmans is in an induced coma after crashing on the eighth stage of the Tour of Spain on Saturday, a 182.5-km ride from Puebla de Don Fadrique to Murcia. "Kris Boeckmans has a severe facial trauma with several … More »

    Reuters - 9 minutes ago