With the Patriots signing so many receivers, many people (myself included) thought that Chad Ochocinco would soon be cut by the Patriots. But no. He and the team have restructured his contract. Instead of being paid $3 million in 2012, he'll receive $1 million. Last year Ochocinco made $6 million, or $400,000 per catch (at that rate Welker would have made $48.8 million last year).
This move demonstrates that Ochocinco wants to remain a Patriot. Obviously. It means it will be less likely that he gets cut because of the salary cap. He might still get cut before the season, but it would be because of his performance on the field, not his paychecks.
This is what the WR position looks like at the moment:
Matthew Slater (not really a WR)
Christopher Price on WEEI's "It Is What It Is" blog made a great point in this post about the restructuring. In 2012, the Patriots are treating WR like they treated the D-Line in 2011. They're acquiring a number of veterans who may or may not be productive. And hopefully one or two of them are.
Ochocinco does have a good chance to make the team. He'll have a full, not locked-out off-season to learn McDaniels' playbook. And while everyone is pointing out that the Patriots have 10 receivers on their roster, there's a significant dropoff in talent after the 6th name on that list. So don't be shocked to see Ochojohnson on this team in the fall.