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Chad Ochocinco DROPPED from Patriots

Breaking News
0607_chad_ochocinco_AP_01
Chad Ochocinco
is officially unemployed -- because the New England Patriots just released the famous wide receiver.

According to reports, the Pats spent all day today trying to trade Ocho ... but failed -- and have decided to release him instead. Ocho will now become a free agent.

34-year-old Ocho parted with the Bengals in 2011 -- after a ten-year relationship -- and was traded to the Pats last July.

Ocho caught just 15 passes for 276 yards and a touchdown in his only season with the New England franchise. He was paid a reported $5.75 million for his troubles.

Chad just tweeted, "Thoroughly enjoyed the oppurtunity to play for the 'Patriot' organization ... fans were f****** wicked awesome, I wish all of you the best."

And talk about rubbing salt in the wound -- Chad's fiancee Evelyn Lozada just tweeted, "Aww baby you got cut @ochocinco I got your back! I'm the bread winner now, which means I make the rules!" Watch TMZ Sports on FS1 Get the new TMZ Sports app!
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