NEW YORK (AP) -The New York Jets have restructured Laveranues Coles' contract, allowing the veteran wide receiver to become an unrestricted free agent when the signing period begins Friday morning.
Coles, 31, was heading into the final year of his contract, but was looking for a long-term deal. Because of the compromise Wednesday between the sides, the Jets are off the hook for the guaranteed $6 million Coles was due this upcoming season.
Coles caught 70 passes for 850 yards and seven touchdowns in his second tour with the Jets. He was a third-round pick by New York in 2000 and played two seasons before signing as a free agent with Washington. After two years with the Redskins, Coles was traded to the Jets before the 2005 season.

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