The Jets had 2 options here this entire time, either they sign Holmes and let most of the rest of their team walk or they sign some core parts of their team and make Edwards their #1.
10 million per year is the reported contract, that drys up all of their dead money which was freed up (yet we are still unable to get clarification on this). now if they went after aso they would need to restructure practically everyone and use every option available, leaving them in a huge hole for the next few years and also unable to sign the little pieces who will inevitably be forced to walk.
Overall the Jets Downgrade at WR and everywhere else and upgrade at Corner.