The New York Jets’ No. 1 priority this offseason: re-sign Santonio Holmes. With that task crossed off the list, the team can now set its sights on this year’s biggest free agent.

The Jets and Holmes have agreed to terms on a five-year contract worth approximately $50 million with $24 million guaranteed, according to Manish Mehta of the NY Daily News.

In addition to being young and talented (duh), Holmes has developed a reputation as a clutch performer over the years. The 27-year-old will be a fixture in New York for years to come (assuming he doesn’t mess up and land a one-year suspension for another violation of the league’s personal conduct policy).

Now, as Michael Lombardi of NFL Network points out, the Jets know their cap situation as they court big-name free agent cornerback Nnamdi Asomugha, who they reportedly reached out to yesterday.

With Holmes now secured and Asomugha in the crosshairs (and reportedly a priority over others), the Jets will have trouble bringing back last year’s No. 2 receiver, Braylon Edwards.

If Edwards departs, the good news is that they’ll have plenty of cheaper options to replace him opposite Holmes. There’s a very deep pool of free agent wide receivers this offseason.