Owens signs three-year extension with Cowboys

DALLAS (Reuters) - Wide receiver Terrell Owens signed a three-year contract extension with the Dallas Cowboys on Tuesday that will keep him with the team until the end of the 2011 season.

The 34-year-old, a third-round pick by the San Francisco 49ers in 1996, has agreed to a deal estimated by local media to be worth $27 million.

"With this contract, I know I'm a Cowboy for life," Owens told a news conference. "It was always a possibility that I could end my career with the Cowboys. Now that's gonna happen.

"This contract, for a lot of people, it signifies money and they see dollar signs, but for me, it signifies commitment."

A six-time Pro Bowl selection, Owens produced 166 catches for 2,535 yards and 28 touchdowns in his first two seasons with the Cowboys. He holds the team's single-season record for touchdowns with 15 last year.

His tally of 882 receptions in 11 NFL seasons with the 49ers, the Philadelphia Eagles and the Cowboys ranks as the ninth best of all time.

(Writing by Mark Lamport-Stokes in Los Angeles; Editing by Ed Osmond)