After all of the free-agent signings that the New York Jets done recently, one cannot in all good conscience call team owner Woody Johnson a “cheapskate”. There was a bit of good news on the Jets front Monday as according to Mark Cannizzaro of the New York Post, Jets wide receiver Laveranues Coles reported to the team’s offseason strength and conditioning program, amid strong signs that Coles is on the verge of signing a long-term contract extension.
Coles had, at first, threatened to sit out the program, which is strictly voluntary; Coles currently has 2 years and $11 million remaining on his contract. The Jets, perhaps in an effort to placate Coles, had offered to guarantee those 2 years, but to no avail; Coles, for his part, is looking towards the security of a long-term deal so he can finish his career with the Jets. A source close to both parties has said that the team is in the process of “tweaking some things in his contract”. The Jets have lots of reasons to keep Coles in the fold – he is their leading receiver, he’s a team captain and is well-liked in the locker room; so if anything, Coles has some leverage to work with. I expect the Jets to finalize this by no later than Monday of next week; they would be short-sighted not to get it done.