Jets restructure Coles' contract; Coles to be UFA
The New York Jets have restructured Laverneus Coles' contract to allow him to become an unrestricted free agent. NFL free agency starts Friday.
Coles, who has played all but 2 years with the Jets, has 631 career receptions for 8095 yards and 44 TDs. He will join T.J. Houshmandzadeh of the Bengals and Marvin Harrison of the Colts as the top free agent WRs this year.
"I have had the pleasure of getting to know Laveranues since he has entered the league in 2000," Jets general manager Mike Tannenbaum said in a statement. "He is a fierce competitor, a great teammate and a good friend who has always given his best to the New York Jets. I spoke with him today and expressed my appreciation for his contributions both on and off the field. This move will allow Laveranues to explore his options, and we both agreed to keep the lines of communication open."Coles was due a guaranteed $6 million for what would have been the final year of his contract. Instead of giving Coles an extension beyond this season, they restructured his contract to allow him to enter free agency. Therefore, the Jets won't be on the hook for $6 million and now have some more cap space.
Coles, who has played all but 2 years with the Jets, has 631 career receptions for 8095 yards and 44 TDs. He will join T.J. Houshmandzadeh of the Bengals and Marvin Harrison of the Colts as the top free agent WRs this year.
