Patriots wide receiver Chad Ochocinco agreed to restructure his contract for the coming season, lowering his base salary to $1 million from the $3 million he had been scheduled to earn, according to a league source. The restructured deal ensures that Ochocinco will be returning to Patriots training camp this summer. The paperwork on the contract is expected to be turned in to the NFL Players Association this week. Ochocinco, 34, struggled in his first season with the Patriots after being acquired in a trade with the Cincinnati Bengals, catching just 15 passes for 276 yards and a touchdown. Source: ESPN.com
Because of the lockout, there was no real chance to get him up to speed in time for the start of the season. And for a cool million, there's still hope he can produce. Better him than some questionable draft pick.
haha. we were talking about this a few days ago in another thread and i said he was going to need to accept that he's not very good anymore and lower his salary in order to stay because the pats can't afford to pay him $200k per catch.......... now he's about $65k per catch, which is much more reasonable
