Bill Cosby Admits Sexual Relations with Teens ... Agent Paid Hush Money

Bill Cosby had sexual contact with 2 teenage girls, and his agent paid off one of them so his wife wouldn't find out ... this according to a newly-released deposition.

The revelations came from Cosby's settled civil case with Andrea Constand. Cosby said, during filming of one of his sitcoms, an agency would send him "five or six" models every week, right to the studio where he was shooting.

He said under oath, his MO was to give young actresses a "very, very good meal."

Cosby was asked about Constand, and whether he had sexual relations with her when she was 17. Her lawyer asked, "Do you recall serving her amaretto?" He responded, "No."

The lawyer went on ... "That you told her to sit next to you on the couch and that you put your arm around her and began massaging her shoulder and arms suggestively. Did that occur?" His response: "I need clarification on time."

The attorney persisted ... "She's 17 and I believe throughout the time she knows you she becomes 18 or 19. On a later occasion you had her masturbate you with lotion. Did that ever happen?" Answer: "Yes."

He also admitted having sexual relations with Therese Serignese, who was 19 in 1976. He says he gave her money through her agent at the William Morris Agency so she wouldn't spill the beans to his wife.

The Associated Press, which obtained the transcript, called the agency that Cosby said paid the hush money but got no comment.