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Report: Chad Ochocinco Traded To Patriots

FOXBORO (CBS) - Enigmatic wide receiver Chad Ochocinco has been traded to the Patriots for two draft picks, according to multiple reports.

CBS Affiliate WKRC in Cincinnati first reported the news. ESPN's John Clayton says that Ochocinco has accepted a restructured three-year deal with the Patriots.

ESPN's Adam Schefter is reporting that the Patriots are sending "two late draft picks" - one in 2012, and one in 2013.

Ochocinco was slated to earn $6.35 million in the last year of his deal with the Bengals.

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