Upon Further Review, Laveranues Coles May Be Guaranteed Money Not Given an Extension - FanHouse - AOL Sports Blog

Earlier today, the New York Post broke a report that Laveranues Coles and the New York Jets had resolved their differences and agreed to a contract extension. At the time, I wrote that it didn't seem to make much sense why Coles would prefer more nonguaranteed years of a contract to a guarantee of the money owed over the remainder of his current deal.

Initially the Jets offered to guarantee the remaining $11 million of his deal, but Coles said he was more concerned wth the long-term security.

Now ESPN is reporting that an agreement has been brokered but that it doesn't include any new years and just the monetary guarantee previously mentioned.

Coles had been seeking a contract extension, but guaranteeing the remaining two years is an apparent compromise between the team and the receiver.

So who's got it right? The ESPN story makes much more sense. Why would Coles agree to a deal that essentially brought him nothing when $11 million was on the table? Coles was the aggrieved party so the idea that he agreed to a deal that did very little to ensure the long-term security he claimed to crave never made much sense. As for why he didn't just agree to the guaranteed money last month and avoid all the hoopla, we'll have wait to find out from the horse's mouth.