SOURCE: Terrell Owens signs with Bengals

Well, it's happened. Receiver Terrell Owens has agreed to terms with the Bengals.

Per a league source, Owens will receive a base salary of $2 million. He can earn up to another $2 million in incentives.

The source says that the incentives are based on receptions, yards, and touchdowns.

Fantasy Impact: 

Rumors have been going around the past couple of days, but it looks like Chad Ochocinco finally got his wish. TO will be suiting up in orange and black this season. Owens will likely fall in the WR2-WR3 range when things fully shake out, with both Chad Ochocinco and Antonio Bryant losing some value. Bryant has been dropping already, and will continue to do so with this news. Carson Palmer will get a bit of a boost. Look for fully updated rankings and the whole 9 yards at tomorrow.

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