Coles will be a free agent March 1
(Getty Images)

Posted Feb 25, 2009

It would have been plain dumb for Mike Tannenbaum to release Laveranues Coles, and take a $6 million cap hit in 2009. That isn't what happened.

Coles wants a long-term deal. The Jets don't want to give it to him. He has one year left on his deal, for a guaranteed $6 million. If he had been cut, that entire figure would have counted against the cap.

So Coles and the Jets reached a compromise. He took less than $6 million (we aren't sure of the figure yet) and was granted his release on March 1.

Coles thinks he can get a lucrative long-term deal on the street.

You have to wonder if a team, like Miami or Cleveland, has a wink-wink deal with Coles. Why else would he give up $6 million guaranteed?

A team that would make perfect sense for Coles are his hometown Jacksonville Jaguars. They need a #1 receiver, and he surely would give them a hometown discount to be able to live in his mansion year round.

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