"The Jets released veteran wide receiver Laveranues Coles this afternoon -- but both sides left open the possibility of his return to the team," wrote Hutchinson. "Coles, who was scheduled to earn a guaranteed $6 million salary for the 2009-10 season, wanted a long-term deal with the team. But when the two sides could not reach an agreement, they reached a compromise, giving Coles the right to find his own deal on the open market on the eve of free agency."
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