Adam Schefter confirmed what we all knew was coming:
Filed to ESPN: Jets released Pro Bowl G Alan Faneca.
Chris Mortensen provides some background:
Jets eat $5,25 mill in guaranteed money w Faneca; Jets eventually have to sign Cromartie & B. Edwardss or Holmes to extensions
Faneca still a punch pail guy, run blocker; has become liability in pass protection but has to be asset w Jets owing him the money
Jets have great confidence in line coach Bill Callahan & still high on their other guys
It's still somewhat puzzling. They probably won't be able to afford both Holmes and Edwards, and they aren't saving that much after factoring in the guaranteed money. I do have faith in Callahan to develop a young guy, though.