Cowboys owner Jerry Jones denied the team was discussing the possible release of Owens in late February.
"That Stephen and I were debating about Terrell, that's just misinformation," Jones said regarding his son, Cowboys vice president Stephen Jones at the time. "That's just not accurate. I don't know where that comes from. That's just total misinformation."
The Cowboys paid Owens a $12 million signing bonus just last year, included as part of a new four-year, $34 million deal.