According to league sources, Owens and his agent, David English, missed the deadline to file the necessary paperwork with the 49ers and the NFL's management council in order to void the final three years of his contract. That means Owens' rights revert back to the 49ers and his only way out of San Francisco would be via a trade, the sources said.
Rather than seeing him leave and getting nothing in return, the 49ers can now field trade offers for Owens, who has had a contentious relationship with quarterback Jeff Garcia in San Francisco.
Good job boys. You are a star in all our eyes! Send him to the CFL.
Above is from Fox sports. The "good job" part is from me.