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Jets re-do Colesí contract
By Jets Insider.com Staff
March 28th, 2008
Well, he didnít get the long term extension he wanted, but for at least the next two years, WR Laveranues Coles is financially secure and will remain a NY Jet.

Multiple sources are confirming that the team re-wrote Colesí existing contract where he will be guaranteed his final two years of salary (2008-2009), worth roughly $11MM. There were a few reports this morning that the deal was an extension with years added but that turned out to be false.

Itís ultimately not deal that Coles hoped for, but at age 30 and coming of an injury plagued season, itís the next best thing.