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Source: Coles not in Jets' plans

Updated: February 26, 2009, 9:01 AM ET
By Tim Graham | ESPN.com

The New York Jets have parted ways with receiver Laveranues Coles, an NFL source told ESPN.com.

The Jets have restructured Coles' contract to allow him to become an unrestricted free agent.

"I have had the pleasure of getting to know Laveranues since he has entered the league in 2000," Jets GM Mike Tannenbaum said. "He is a fierce competitor, a great teammate and a good friend who has always given his best to the New York Jets.

"I spoke with him today and expressed ...

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