The New England Patriots has acquired wide receiver Chad Ochocinco after he accepted a restructured three-year contract from the Patriots, a source told ESPN.com's John Clayton.
Terms of the trade weren't known. Ochocinco was seen catching a plane to Boston Thursday. He was scheduled to make $6.35 million for the Bengals this year. The Patriots wanted him to restructure his contract to fit their cap.
This is obviously big news for Ochocinco, who was on the outs in Cincinnati. Deion Branch's stock takes a hit, while Wes Welker is likely unchanged. Ochocinco will have a chance to revitalize his career playing with arguably the best QB in the game. The 33-year-old's value should rise into the 6th or 7th round.