Sources: Jets, Santonio Holmes agree

Updated: July 29, 2011, 6:18 PM ET
By Rich Cimini | ESPNNewYork.com

The New York Jets addressed the No. 1 item on their free-agent list, coming to terms Wednesday morning with wide receiver Santonio Holmes, according to a league source.

The deal is for five years and $50 million, with $24 million guaranteed, sources told ESPN NFL Insider Adam Schefter. It's one of the biggest guarantees ever given to a wide receiver. The Cardinals gave Larry Fitzgerald a $30 million guarantee.

In accordance with the rules of the recent labor agreement, Holmes isn't ...

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