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Chad Ochocinco Restructures His Contract

ESPN ‘s¬†Adam Schefter¬†reports that Patriots WR Chad Ochocinco has restructured his contract to stay in New England.

Schefter mentions that Ochocinco will cut his “base salary from $3 million to $1 million” for the 2012 season.

Ochocinco is coming off a very disappointing season in which he caught only 15 passes for 276 yards and 1 touchdown. There’s still no guarantee that he’ll be on their roster at the start of the season given that they’ve already signed a number of wide receivers during free agency. Chad will at least have a chance to prove that he’s worth a roster spot during training camp.