According to the Dallas Morning News both players have been cut loose.
IMO, this had to happen for the Cowboys to move forward. Owens, as he does everywhere he goes, poisoned the locker room to the point that the coaches had lost control of the team. He's a great receiver but he is notorious for dropping very catchable balls and short arming passes thrown his way. Wiliams on the other hand is a LB that has been playing Safety and it shows. All too often Williams, a very hard hitter, has gone for the "kill shot" and missed tackles. Also, he has continually shown his inability to cover receivers. If the Cowboys are serious about contending for the Super Bowl next season, those two players cannot be a part of the team. Would Bengals fans be interested in getting these players?