I don’t see any reason why the Jets shouldn’t do this. If Holmes wants to re-sign for the minimum when he’s cut, I won’t complain, but he’s not a good player anymore.
Word is the Jets are interested in Jeremy Maclin and Emmanuel Sanders, which sound like two good fits if they can be had for a fair price. That will also mean the Jets can use their draft picks on defense (again), which will help them to continue building a young Seahawks-type unit.
The key to building this roster is not overpaying any one player. So many teams around the league overpay receivers (the Jets were one of them) and end up regretting it. A receiving core of Maclin, Sanders, Kerley and Nelson doesn’t have anyone who’ll blow people away, but together they make for a good set of guys for Geno to throw to.