Atlanta Braves third baseman Chipper Jones has agreed to restructure his contract, potentially saving the team $15 million over the next three seasons, the Atlanta Journal-Constitution reported Thursday night.
The deal would reduce Jones' 2006 salary from $17 million to $11 million.
According to Jones' agent, B.B. Abbott, the new contract would pay Jones $11 million guaranteed in 2007 and 2008. It also includes a $4 million signing bonus to be paid in January, and an option for 2009 worth between $8 million and $11 million, depending on performance incentives in the previous year.