The Jets and wide receiver Allen Lazard have come to terms on a new contract per a source with knowledge of the negotiations. Lazard, who was scheduled to earn $11 million in 2025, took an $8.5 million pay cut to remain under contract with the Jets in 2025. $1.75 million of his salary for the year is guaranteed. As part of the revised contract Lazard will now become a free agent in 2026.

Lazard had signed a four year, $44 million contract with the Jets as a free agent in 2023, widely rumored to have helped in their pursuit of QB Aaron Rodgers. Lazard never really found his footing with the Jets, putting up just slightly over 300 yards in his first season with the team and seemingly falling out of favor with the head coach. He had more of a role in the offense last season, but not enough to justify the $11 million per year salary. Agreeing to the new deal allows Lazard to participate in any offseason program of the Jets without the Jets being worried about an injury guaranteeing the full $11 million.

Lazard’s cap number this year will drop from $13.2 to $4.6 million. His dead money in 2026 will be $4.368 million when his contract voids.