Updated: Ochocinco, Haynesworth restructure contracts with Patriots

According to NFL Players’ Association records, Patriots wide receiver Chad Ochocinco has restructured his contract and will make $1 million in base salary for 2011, $3 million in 2012, and $3 million in 2013.

Ochocinco, who was scheduled to make $6 million in base salary for 2011 before the restructuring, may have performance bonuses built into his new deal.

Also, defensive lineman Albert Haynesworth, who was slated to earn a $5.4 million base salary this season, has restructured his deal down to a $1.5 million base.

UPDATE (9:30 p.m.)
– Jason Cole of Yahoo! Sports reports that Haynesworth can earn as much as $5.85 million this year through playing-time incentives. If he plays 20 percent of the defensive snaps, he earns $1 million; he’ll earn at addition $590,000 at 45 percent, 50 percent, 55 percent, 60 percent and 65 percent of defensive snaps (for a total of $2.95 million), and a spot in the Pro Bowl gets him $400,000.

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Haynesworth was scheduled to make $6.7 million in 2012, $6.5 million in 2013, $8.5 million in 2014, and $10.3 million in 2013 according to NFLPA records.

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