by FOXSports.com

The arrangement is expected to cut Jones' salary next season to about $5 million, saving the Dodgers $12 million in 2009 payroll expense. If the Dodgers cannot trade Jones then he can ask for his release before spring training, the paper reported Friday.

The Dodgers could apply the freed-up cash toward a new offer to retain free agent Manny Ramirez. The club offered Ramirez two years and $45 million in November but have since withdrawn the offer. They have resumed talks with agent Scott Boras, who also represents Jones.

The Dodgers signed Jones last winter to boost the offense, but he hit .158 with three home runs in 75 games. The five-time All-Star reported to camp overweight, underwent knee surgery in May and ended the season on the bench.

The National League West champions have cut their payroll from $119 million on opening day last season to a projected $65 million in 2009, pending any additions.