Laveranues Coles will remain a New York Jet, but perhaps not as long as he had hoped.

The veteran receiver had been negotiating for an extension to his current contract and even skipped the first week of voluntary offseason workouts earlier this month. But Coles returned to the team on Monday with only the promise of a compromise, and yesterday an NFL source confirmed that Coles and the Jets agreed to have the remainder of the current contract guaranteed rather than extended.

That deal will pay Coles $11 million for the next two seasons.

Coles, who turned 30 in December, wanted the kind of contract that would allow him to finish his career with the Jets. He'll have just turned 32 when this deal expires.

Coles, regarded as one of the league's toughest receivers and one of the team's most respected players, had an injury-filled season in 2007. He suffered a concussion as well as an ankle injury that cost him six games and ultimately landed him on injured reserve for the final two weeks. He finished 2007 with 55 receptions for 646 yards, his lowest totals since his rookie season in 2000. It was also the first time since 2000 that Coles did not play in all 16 games.

If Coles can remain healthy and regain his productivity in 2008, there's a chance his contract could be revisited next offseason.

Coles had accused the team of lying to him about promises for a long-term deal. The team had reportedly offered Coles the fully guaranteed contract — believed to be the first in franchise history — about a month ago.

The Jets proceeded cautiously with Coles' demands a year after their failed maneuverings with guard Pete Kendall. That rift lingered for months until Kendall was traded to the Redskins during training camp and continued to linger during the disappointing 4-12 season.