Chad Ochocinco and Albert Haynesworth restructure their contracts

Wide receiver Chad Ochocinco and defensive lineman Albert Haynesworth have agreed to redo their contracts, according to NFLPA documents.

Ochocinco was scheduled to make a base salary of $6 million in 2011, but has agreed to restructure his deal so they he will receive a base salary of $1 million in 2011 and $3 million in 2012 and 2013. Meanwhile, Haynesworth was scheduled to make base salaries of $5.4, $6.7, $8.5 and $10.3 million the next four years. Instead, the former Titan and Redskin will make a base salary of $1.5 million in 2011 and $6.7 million the following season.

UPDATE, 12:40 a.m.: Jason Cole of Yahoo! writes Haynesworth can earn as much as $5.85 million this year through various incentives: If he plays 20 percent of the defensive snaps, he’ll earn an extra $1 million. Then, he’ll earn an additional $590,000 if he plays 45 percent, and another $590,000 when he tops 50 percent, 55 percent, 60 percent and 65 percent of New England’s defensive snaps in 2011, a bonus system that could ultimately net him an extra $2.95 million if he meets all the incentives. In addition, if he lands a spot in the Pro Bowl, he’ll get an additional $400,000.

When it comes to the new Patriots, Andre Carter is on a one-year deal and slated to make $1.75 million, while Shaun Ellis‘ contract information has yet to be posted to the NFLPA.