According to ESPN's John Clayton, Owens has agreed to a one-year deal with the Cincinnati Bengals.

The deal is believed to be worth $2 million up front and could provide additional earnings for Owens through an incentive structure.

The Bengals had given Owens a deadline of Wednesday to take the deal. Late interest from the New York Jets may have delayed the process a bit, although the Jets never extended a formal offer to Owens.

The 35-year-old has produced declining numbers in each of the last three seasons....

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