Terrell Owens Signs With Cincinnati Bengals: Instant Analysis

The inevitable has happened. Terrell Owens has joined the Bengals on a one-year deal with some major incentives.

It's truly mind boggling how Marvin Lewis is continuously asked to take on the most dynamic and cancerous locker room personalities in all of the NFL. Owens will join Ochocinco to form a dynamic wide receiving duo. They could possibly spend more time choreographing their end zone celebrations than actually practicing.

Regardless, the Owens signing has a dramatic effect on some dynasty values in fantasy leagues.

Believe it or not, the value of Antonio Bryant has been changed the most by this. It's a major red flag to his health.

We took an initial look at the dynasty effect this signing would have earlier in the week, here's an updated version now that the contract is in place.

Terrell Owens, WR
Owens has built a longtime friendship with Chad Ochocinco and is developing a new one with Carson Palmer. That certainly helps things initially now that he's arrived.

On the field, Owens is a player whose skills are declining. In Cincinnati, it sure looks like he's going to be the No. 2 wide receiver, playing opposite Ochocinco.

This is going to push Antonio Bryant to the No. 3 spot and there are media outlets out there reporting Bryant may go on the PUP list. Ouch.

Either way, the 1,000 yard seasons we’ve come to expect from Owens would be pretty difficult for him to achieve. He’d be a good red zone threat for sure and help keep some pressure off Ochocinco. That’s pretty much the most we could hope for.

Ochocinco wanted Batman to come, but Owens is much more Robin at this point.

Carson Palmer, QB
You have to figure the relationship with Owens is in pretty good shape if they worked out together and Palmer endorsed the signing.

The problem with Owens is never what happens when things are good, it’s the downward turns that frighten you.

The addition of Owens solidifies the wide receiver corps and adds another weapon for Palmer, making him an even better No. 2 quarterback in fantasy.

In reality, Carson has been struggling with his accuracy, especially on the deep throws. If that continues, we could see some serious fireworks with Owens in stripes. Adding Owens to Chad is going to be very interesting and possibly toxic.

Chad Ochocinco, WR
Ocho is still the No. 1 wide receiver in this offense. In fact, Owens’ presence likely helps his value more than hurts it. The constant double teams are getting old for sure. Owens would help alleviate them and allow Chad to have some open space.

Ocho has been longing for an effective No. 2 wide receiver since TJ Houshmandzadeh left for Seattle and Owens is much better than Laveranues Coles ever could have been.

Antonio Bryant, WR
Signing Owens is the strongest indication yet that Bryant’s knee isn’t healthy.

Regardless of the way the Bengals may want to spin it, this is a major red flag to Bryant’s value in fantasy leagues. If he was 100 percent, it’s hard to believe the Bengals would sign T.O.

Bryant is now a late round flyer in redraft leagues and his value has taken a major nose dive in dynasty leagues.

Quite honestly, the health of Bryant is now just as big a story as the Owens signing.

Andre Caldwell, WR
This is a pretty brutal blow to his value and likely lead owners in dynasty leagues to let him go. It's justified now.

Jordan Shipley, WR
Shipley’s been a fast riser in dynasty leagues as of late. Owens coming to town likely won't change his value that much as the possible slot receiver.

Ochocinco and Owens will start on the outside, so Shipley’s value wouldn’t shrink too much.

Jerome Simpson and Matt Jones WR
You have to figure Dezmon Briscoe will likely enter the season as the fifth or sixth wide receiver, depending on Bryant's health. You’d also have to figure that Simpson and Jones would have a hard time making this club.