Analyzing the motion of low-spin (s=1/2) holes in a high-spin (S=1) ba
ckground, we derive a sort of generalized t-J Hamiltonian for the NiO2
planes of Sr-doped nickelates. In addition to the rather complex carr
ier-spin and spin-spin couplings we take into account the coupling of
the doped holes to in-plane oxygen breathing modes by a Holstein-type
interaction term. Because of strong magnetic confinement effects the h
oles are nearly entirely prelocalized and the electron-phonon coupling
becomes much more effective in forming polarons than in the isostruct
ural cuprates. In the light of recent experiments on La2-xSrxNiO4 we d
iscuss how the variety of the observed transport and charge/spin-order
ing phenomena can be qualitatively understood in terms of our model Ha
miltonian.