The trade comes on the heels of a charge that he threw a drink in the face of a woman at an Orlando nightclub. Holmes then posted a series of curious comments on Twitter, such as "wake and bake," which is slang for smoking marijuana in the morning.
The more telling news, in this instance however, was a report by ProFootballTalk.com late last week that Holmes has been suspended for four games in 2010 by the NFL for an unspecified incident.
Holmes was suspended by the Steelers for a game in 2008 for admitting to smoking marijuana. He went on to finish the season as the Super Bowl MVP after catching the winning touchdown with 35 seconds remaining in the game.
Holmes caught a career-high 79 passes last season for 1,248 yards. In his career, the 26-year-old 2006 No. 1 draft pick caught 235 passes for 3,835 yards and 20 touchdowns.
The pick from the Jets will be the 151st in this month's draft, a draft in which the Steelers now have four fifth-round picks.