Rotoworld has reported, citing The Star-Ledger, that the Jets have released receiver Laveranues Coles.

Cole’s $6 million salary remains guaranteed and the Jets are reportedly open to bringing him back next season.

“We didn’t leave on bad terms,” Coles told The Star-Ledger. “It’s not out of the question that I could come back.”

Update: Profootballtalk has posted an interesting nugget on the Coles release: apparently, contrary to previous reports, Coles walked away from the guranteed $6 million to pursue other options, and potentially more money. So, as PFT so clearly put it “THE JETS OWE HIM NOTHING.”

Coles may find a team willing to pony up the cash in ‘09. But there are a few questions after the veteran wideout totaled only 850 receiving yards… while starting all 16 games… and he hasn’t seen 1,000 yards since 2006…and he’s entering his 10th NFL season…

Source: Rotoworld.com, nj.com, NFL.com, Profootballtalk.com - 4:46 p.m. et – Updated 7:55 p.m. et