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Terrell Owens Signs with the Bengals

7/27/2010 6:50 PM PDT

Terrell Owens Signs with the Bengals

NFL star Terrell Owens finally has a new squad -- the Cincinnati Bengals ... which only means one thing ... THE NEWSPAPER BOX JUMPING STRATEGY WORKED!

According to our friends at -- which broke the story -- Owens signed a one year deal and will earn a base salary of $2 million ... with an opportunity to make an extra $2 mil if he hits certain performance-based incentives.

We told you on Friday that the two sides were "very close" to a deal -- and after hammering out the particulars ... T.O. will finally be united with his pal and fellow wide receiver Chad Ochocinco.

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