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Breaking News just in the Dallas Cowboys have cut the problematic Terrell Owens at the Midnight hour late Wednesday Night-Early Thursday morning.

There had been grumblings of this coming for a few months now but; finally the Cowboys have decided to part ways with Owens after 3 seasons.

We wanted to be the first two break this story so when more details come about they will presented to you.

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13-year veteran Ray Lewis has reached an agreement to return to the Baltimore Ravens after testing the free-agent market for weeks.

The two sides agreed to a three-year contract, worth $20 million to $25 million.

“We have an agreement in principle with Ray Lewis,” Ravens spokesman Kevin Byrne said. “It will allow Ray to finish his career as a Raven.”

The long-time middle linebacker is one of the most celebrated and decorated defenders in league history. Lewis is also regarded as the heart and soul of the Baltimore defense, and it was hard to imagine the unit playing a game without him. Luckily the Ravens will not have to do so for the next few seasons.

The deal has yet to be signed but should be finalized in the next few days.

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The Arizona Cardinals and Kurt Warner agreed Wednesday to a two-year, $23 million deal. $19 million of that contract will be guaranteed.

Under the terms of the deal, Warner will receive a $15 million signing bonus and $4 million base in each of the two seasons.

The negotiations ran all Tuesday evening and early Wednesday morning. One of the big breakthroughs came Tuesday when Warner, who had been asking for $14 million to $16 million a year, reduced his asking price to $11.5 million a year, as long as there were substantial guarantees in 2010.

He was also willing to take $1 million less a season if the team successfully satisfied the contract extension demands of wide receiver Anquan Boldin.

Warner has been performing like a top-five quarterback since taking over the Cardinals’ starting job from Matt Leinart on Oct. 14, 2007. He has thrown 53 touchdown passes in his last 27 starts as the Cardinals’ starter. Last season, he completed 67.1 percent of his passes and threw for 4,583 yards. In four playoff games, he completed 92 of 135 passes for 1,147 yards for 11 touchdowns and three interceptions.

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A day after losing wide receiver T.J. Houshmandzadeh, the Cincinnati Bengals replaced him with former New York Jets wide receiver Laveranues Coles.

Coles agreed in principle to a four-year, $28 million deal. Both sides still have to work on the language of the contract and the guarantees, but the money figures were acceptable to Coles.

The Buffalo Bills were his first visit, but talks with the Bengals heated up over the weekend with the possibility of Houshmandzadeh leaving for the Seattle Seahawks.

The 31-year-old Colts caught 631 passes during his nine-year career with the Jets. He had 8,095 yards and 44 touchdown receptions during his career in New York.

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ORLANDO, Florida — Manny Ramirez and the Los Angeles Dodgers finally reached some common ground in their negotiations.

After multiple failed attempts, Ramirez and the Dodgers agreed to general terms Tuesday on a two-year, $45 million deal.

The outfielder is expected to travel to Los Angeles on Tuesday night. Once he signs the papers and the deal officially goes through, Ramirez would report to the Dodgers’ spring training camp in Arizona.

The contract is reportedly worth 45-Million dollars over 2 years.

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In what turned out to be a tougher decision than expected, wide receiver T.J. Houshmandzadeh chose the Seattle Seahawks over the Minnesota Vikings and the Cincinnati Bengals

Though he had hoped to make his decision Sunday, Houshmanzadeh, pressured by Bengals quarterback Carson Palmer to stay in Cincinnati, and the Vikings to stay around the Minneapolis area during a visit, escaped from a Minneapolis hotel Sunday night, flew to Los Angeles and took Monday morning trying to make up his mind.

The final decision was the Seattle Seahawks…

The Terms of the contract have not officially been announced but; it is believed to be a 5-year deal in the 40-Million dollar range with 15-Million of it guaranteed.

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The Washington Redskins released defensive end Jason Taylor on Monday after the six-time All-Pro decided he wouldn’t be attending offseason workouts.

Taylor was asked by the Redskins to take part in 75 percent of their offseason workouts. That would have required him to be at the Redskins’ facility during eight of the 13 weeks of the offseason program.

With three children, Taylor, who has a home in the Miami area, opted not to agree to the workout provisions. The team was willing to keep his restructured salary at $8.5 million, but his desire to be with his family in the offseason was more important in his life.

Taylor came to the Redskins from the Miami Dolphins for a second-round choice in 2009 and a sixth-rounder in 2010.

The 34-year-old’s 120.5 career sacks are the most among active NFL players.

Despite his departure from the Redskins, Taylor is still interested in continuing his NFL career.

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New England Patriots named Cassel as their franchise player in early February, today he was traded to the Kansas City Chiefs.

Cassel is the second part of the trade that sent Patriots linebacker Mike Vrabel to the Chiefs on Friday. In exchange, the Patriots acquire the Chiefs’ second-round pick (34th overall) in the 2009 NFL draft.

“I have a long history with both players,” Chiefs general manager Scott Pioli said in a statement. “Mike and Matt are men that I respect both personally and professionally. I look forward to having them as new members of the Chiefs family.”

Cassel stepped in as the starter after Tom Brady suffered a devastating knee injury in the first game of the 2008 season. Cassel finished 327 of 516 for 3,693 yards, with 21 touchdowns and 11 interceptions.

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The Denver Broncos announced it has signed seven-time Pro Bowl safety Brian Dawkins, who spent his previous 13 years with the Philadelphia Eagles.

According to a source, the deal is for five years and $17 million. The deal could escalate to as much as $27 million if Dawkins can reach some achievable performance levels.

The Eagles and Dawkins were discussing a two-year contract offer when the Broncos entered the picture to lure him to Denver.

In the first two years of his contract, Dawkins is scheduled to make $9 million. Of that total, $7.2 million is guaranteed.

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BOSTON — The defending world champion Boston Celtics have signed Stephon Marbury after his buyout had been completed earlier in the week and he cleared waivers this morning.

The 32-year-old Marbury finished a troubled tenure in New York by reaching a buyout agreement in which he was believed to have given up $2 million of the $21.7 million he was due this season.

Celtics President Danny Ainge said: “Our entire organization is confident in the belief that Stephon can play an important role in helping us to win another championship”

Marbury, a two-time NBA all-star, has averaged 19.7 points and 7.8 assists for his career. He should add some depth at the guard position the Celtics had been wanting and be counted on for 12-15 minutes a night off the bench.

He is expected to suit up for Friday night’s contest against the Indiana Pacers.

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