ESPN NFL Insider Adam Schefter reports today that receiver Chad Ochocinco agreed to restructure his contract. Ochocinco has agreed to reduce his salary from $3 million to $1 million, Schefter reports.
This is an acknowledgment from both sides that the Ochocinco trade in 2011 training camp didn't work out as planned.
From the team side, Ochocinco wasn't going to stick as a No. 4 or 5 wideout at his $3 million salary. He only had 15 catches last season and struggled to adapt to the team's system.
By agreeing to restructure, Ochocinco shows a commitment to try to make it work in New England. Perhaps with a full offseason, he can hit his stride.
Credit to Ochocinco for taking this route. He said all along it was about winning and his actions back his words.
He still isn't assured a roster spot, but this gives him a chance to compete and not have his chances tied to economics.