Patriots reportedly want to restructure Ochocinco's contract

When the New England Patriots gave Chad Ochocinco a three-year, $11.5 million contract in 2011, they thought they had found their new vertical wideout to fill the void created when Randy Moss was traded.

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Ochocinco, however, proved not to be the big-play wide receiver the Patriots sought, and now the team reportedly has approached him to restructure the remaining two years on his deal, a source told the Sports Business Journal on Wednesday.

Ochocinco had only 15 receptions for 276 yards and a single touchdown in 15 games this past season. He had just one catch for 21 yards in Super Bowl XLVI.

Under the terms of his current deal, Ochocinco is due $3 million plus a $100,000 workout bonus each of the next two seasons.

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