Technically, it's not a holdout because, as musccy said, he does not have a contract. But the Packers put the transition tag on him, which means that he must play the 2005 season for a salary that is the average of the top ten highest-paid tight ends in the league, which happens to be $2.095 million. That doesn't seem like such an awful deal, but Bubba would like a long-term contract if possible. He has very little bargaining power because his only options are to play for the $2.095 million or retire. So I expect him to come back, though it would be best if they can sign him for a few years, if--and this is a big IF--the price is not too high for a modestly talented but extremely reliable tight end.