update no. 2…
ESPN’s report is indeed accurate, as Newsday’s Tom Rock is now reporting that the Jets have guaranteed the $11 million remaining on Coles’ contract, but have not negotiated an extension. Big kudos to Team Tangini on this one…

update…
Contrary to ESPN’s report, the Post reported this morning that Coles has in fact received an extension on his deal. We’ll have to wait and see which report is accurate…

According to ESPN.com, the Jets have agreed to guarantee the remaining $11 million on wide receiver Laveranues Coles‘ contract. It was thought that the team would have to go further to appease Coles, who always seems malcontent when it comes to his contract. However it seems the two sides have reached a compromise, which is good news for Gang Green.

In the same report, ESPN indicated that Coles griped earlier in the offseason about the Jets’ spending spree on outside talent while incumbent players weren’t being taken care of. In reality, Jets veterans were quoted anonymously on the subject earlier this month, though it was widely assumed that at least some of the remarks could be attributed to Coles.