Found March 25, 2012 on 60 Max Power O:

The New England Patriots and Chad Ochocinco agreed to redo the final year of his deal to a more cap friendly number. In lowering his cap number Ochocinco guarantees that he’ll have the opportunity to make the team next training camp.

By lowering Ochocinco’s base salary to $ 1 Million; down from $ 3 million the Patriots gain $ 2 million in cap space.

Ochocinco will face stiff competition with the additions of Brandon Lloyd, Anthony Gonzales, Donte’ Stallworth, and the return of Deion Branch.

Ochocinco had been a disappointment in his first year in New England catching 15 receptions for 276 yards and a touchdown.

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