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Source: LaDainian Tomlinson took cut

Updated: August 1, 2011, 3:50 PM ET
By John Clayton | ESPN.com

To free up cap room for the New York Jets, running back LaDainian Tomlinson took a pay cut from $2.625 million to around $1.1 million, a source said.

The Jets recently re-signed Santonio Holmes to a new five-year contract worth about $50 million, and are closing in on a deal with their free agent cornerback Antonio Cromartie, league sources told ESPN NFL Insider Adam Schefter. The Jets signed former Giants wide receiver Plaxico Burress to a one-year deal on Sunday, as well as backup ...

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