The New York Jets and wide receiver Allen Lazard agreed to a restructured contract that includes an $8.5-million pay cut in 2025, a source told Jason Fitzgerald of Over The Cap.
Lazard, who is 29, will have $1.75 million of his salary for the upcoming season guaranteed, Fitzgerald adds. He’s also now reportedly scheduled to become a free agent a year earlier, now coming in 2026.
The reworked deal will lower Lazard’s 2025 salary-cap figure from $13.2 million to $4.6 million, according to Fitzgerald. The Jets will also reportedly take just under a $4.4-million dead-cap hit in 2026 when his deal becomes void.
Lazard originally joined New York on a four-year, $44-million deal during free agency in 2023, joining the Jets to play with Aaron Rodgers. The reason for the pay cut was his production hasn’t matched the price tag, as he has posted a combined 841 yards and seven touchdowns across his two seasons, with 530 yards and six scores coming in 2024.
Jaden Chandler-Parnell, or “JC” is a Sports & Sports Betting Analyst for Stare Down Sports. You can Follow him on X @Jaden95Chandler and on YouTube
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