Owens, who made the Pro Bowl for the first time last season, is currently recovering from a knee injury, but the contract talks were well along even before he suffered the injury. The deal is probably similar to the three year $6.675 million deal that Kassim Osgood signed with the Jaguars as a free agent a year ago.
Owens was originally signed as an undrafted free agent in 2006 out of the University of Maine, where he played running back. Owens currently has the franchise special teams record for tackles, with 95. Owens was also a Pro-Bowler in 2010. The good news on this extension likely means that his injury isn't very significant. That's good news too, considering how poorly the Jaguars special teams unit has played.