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LaDainian Tomlinson and the San Diego Chargers have been in talks for weeks. Finally they came to an agreement on Wednesday restructuring the final three years of his contract. This will give the team some needed cap room as well as secure Tomlinson’s job for the next few seasons.

According to a source, Tomlinson won’t take a pay cut from his $6.725 million salary in 2009 but the deal was restructured to give the team a cap break in 2009. Tomlinson’s cap number in 2009 was scheduled to be $8,791,666.

In addition to not taking a pay cut in 2009, Tomlinson receives an unspecified guaranteed amount of money in 2010. The amount might not be large enough to guarantee Tomlinson can’t be cut next year, but it gives him some security for the 2010 season.

A trade off, Tomlinson reduced his salaries in 2010 and 2011. He was scheduled to make $8 million next year and $9.275 million in 2011. The final three years of his old contract was worth $24 million over three years.

Tomlinson said, “I love San Diego and being a part of this team with my teammates. My No. 1 priority was to stay here in San Diego. I truly believe this is the place that gives me the best chance to be successful and win a championship. I want to finish the job we started when I got here eight years ago. My heart has always been in San Diego. I couldn’t imagine putting on another uniform.

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Terrell Owens has agreed to a one-year, $6.5 million deal with the Buffalo Bills and the entire contract is guaranteed.

The Bills called a 6:15 p.m. news conference Saturday to announce the signing.

Owens’ agent, Drew Rosenhaus, said in a text message Friday that his client wouldn’t be out of work for too long.

“There are several teams that are interested in signing Terrell,” Rosenhaus said. “I have been in negotiations with these teams. I will not identify the teams at this time. Terrell and I expect to have a deal in place by the end of next week if not sooner.”

It looks as if Drew wasn’t bluffing about this.

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Yankees third baseman Alex Rodriguez will hold off on having surgery on his torn labrum and cyst from his right hip.

There had been talks originally that he would be out 10-12 weeks after surgery had finished. However, with rest and rehab players have played through this injury before. It looks as if A-Rod will attempt to do the same now.

The development also means that A-Rod will not be able to participate with the Dominican Republic team in the World Baseball Classic.

Rodriguez felt tightness in his right hip this spring and was examined by team physician Dr. Chris Ahmad on Saturday and an MRI exam revealed the cyst.

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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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