Source: Chad Ochocinco to Patriots

Updated: July 29, 2011, 12:34 PM ET
By John Clayton | ESPN.com

The New England Patriots have acquired wide receiver Chad Ochocinco after he accepted a restructured three-year contract from the Patriots, a source told ESPN.com's John Clayton on Thursday.

Sources told ESPN NFL Insider Adam Schefter that the Bengals will receive two draft picks, a 2012 fifth-rounder and a 2013 sixth-rounder.

Ochocinco was scheduled to make $6.35 million for the Bengals this year. The Patriots wanted him to restructure his contract for salary-cap purposes.

Although ...

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