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New York Jets and wide receiver Santonio Holmes part ways

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The New York Jets today confirmed they have released wide receiver Santonio Holmes.

Holmes will leave the franchise after four seasons and the move is likely to save the Jets $9.25 million in salary cap space.

The player had signed a five-year, $45.25 million contract in 2011 and finishes with 146 catches and 2,128 yards and 16 touchdowns during his time in New York.

He will now head for free agency after an injury hit couple of seasons, but leaves with a positive endorsement from head coach Rex Ryan:

"I appreciate Tone's contributions over the last four seasons.

"I've always admired his knack for making the clutch play. He's a tremendous competitor who wants the ball in his hands when the game is on the line," said Ryan.

Holmes was a first round draft pick in 2006 and previously spent three season with the Pittsburgh Pirates before joining up with the Jets.

The move increases speculation that the franchise will look to add a wide receiver in this year's NFL Draft.

As for Holmes future, it remains to be seen where the 30-year old will end up but with free agency officially beginning tomorrow he will join the growing list of NFL star's looking for a new team.

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