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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, sources told ESPN NFL Insider Adam Schefter. By rule, Holmes isn't permitted to sign the contract until Friday.
Holmes' deal, believed to be in the $10 million-a-year range, is so big that it probably means they can't afford to re-sign Braylon Edwards, another high-profile free agent. Edwards is coming off a strong season, but the Jets prioritized Holmes because of his speed and game-changing ability.