Buffalo Bills' Fred Jackson "isn't going anywhere," per report

After a large chunk of Sunday and Monday morning was dedicated to speculating whether or not the Buffalo Bills would really release veteran running back Fred Jackson, Tim Graham of The Buffalo News passes along word from two sources indicating that Jackson "isn't going anywhere."

Bills source tells me Fred Jackson "isn't going anywhere." Second source tells me Terry Pegula got involved. Stay tuned.

— Tim Graham (@ByTimGraham) March 9, 2015

If this pans out, and the Bills really do keep Jackson around based on Pegula's authority, then the team will save themselves from a PR hit while simultaneously keeping a productive 34-year-old running back on the depth chart at a $2.73 million cap hit. Unless, of course, the Bills ask him to take a pay cut, which is apparently the case.

Source: #Bills will keep Fred Jackson. Told releasing him was not option. Contract re-structure was/is @wgrz

— Adam Benigni (@AdamBenigni) March 9, 2015

Bills have approached Fred Jackson about restructuring his contract, but they have told him they want him to stay.

— Tim Graham (@ByTimGraham) March 9, 2015

The Bills acquired LeSean McCoy via trade last week, and agreed to terms on a lucrative new contract with him yesterday. They are also reportedly in on the bidding for Jets free agent tailback Bilal Powell, a reserve-type with special teams ability, and they still have Anthony Dixon and Bryce Brown on the roster, as well.

As icky as the notion of cutting Jackson made many Bills fans feel on Sunday, it's fairly clear that the team is headed in a different direction at running back. Still, even in a down year, Jackson amassed 1,031 all-purpose yards and three touchdowns in 2014, and is still capable of producing in a limited role.

Time will tell how this situation develops, but if a report stating that the owner is on your side is true, that obviously bodes well for you.