The Cincinnati Bengals and the controversial wide receiver agreed to a one-year contract Tuesday, according to multiple reports. The deal is worth $4 million ($2 million in base salary, $2 million in incentives), according to Profootballtalk.com.
Fellow Bengals wide receiver Chad Ochocinco confirmed the news on his Twitter account with: "My homeboy is a Bengal all our games have been moved to pay-per-view."
On his Twitter account, all Owens would say was, "Hoping 2 b a Bengal w/in the 24hrs!!" He’s expected to sign his deal with he arrives in Georgetown, Ky. The Bengals report for training camp Wednesday.
The 36-year-old Owens is playing for his sixth NFL team. He played for the 49ers from 1996-2003, the Eagles from 2004-2005, the Cowboys from 2006-2008 and the Bills in 2009.
The Bengals signed free-agent WR Antonio Bryant to a four-year, $29 million deal back in March and were seemingly looking good at the receiver position. Bryant was signed to start opposite Ochocinco, but Bryant dealt with knee problems most of last season.
Those knee issues could have contributed to the Bengals move today. Owens earned $6.25 million as a member of the Buffalo Bills last season ($2.25 million in base salary, $4 million signing bonus), a source confirmed to FOXSports.com’s Adam Caplan.
Owens, who visited the Bengals twice since March, also received interest from the St. Louis Rams and New York Jets.
"The Bengals have always been the front-runner," said Drew Rosenhaus, the agent for Owens and Ochocinco. "Even though I talked to some other teams during this process, the Bengals have always been the team that showed the most interest. Terrell has always been excited about them."
Rosenhaus also has talked to the Bengals about a contract extension for Ochocinco, who is on the final year of a deal that includes a team option for 2011.
"We’ve been in discussion potentially about doing an extension," Rosenhaus said. "So we’ll keep that going. It’s been very cordial, very positive."
Whether Owens can reach the $2 million incentives (based on receptions, yards and touchdowns, according to Profootballtalk.com) will depend in part on Bryant’s availability this season.
If Bryant is relatively healthy, this team could very well have the deepest receiver group in the NFL.
Owens is a five-time All-Pro and six-time Pro Bowler, but his last honor for each was in 2007. He is currently third all-time in career receiving touchdowns behind Jerry Rice and Randy Moss.
FOXSports.com NFL writer Adam Caplan and the Associated Press contributed to this report.