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The bad news for Houston fans? The Texans are out of the Nnamdi Asomugha sweepstakes.

The good news? They don’t need him.

Adam Schefter of ESPN and Mark Berman of MyFOXHouston.com report that the Texans have agreed to terms on a five-year deal with former Bengals cornerback Johnathan Joseph.

Joseph presumably had been waiting for Asomugha to set the new high-water mark for corners before doing a deal. It could be that Joseph’s people realized that Asomugha could be taking a below-market deal, which then could have potentially depressed Joseph’s earnings in comparison to Asomugha.

With the Texans out of the running for Asomugha, it comes down to the Niners, Jets, and whoever else gets into the running.

Or whoever else is already in the running. We’d recommend not going to sleep on the possibility that the Raiders will find a way to keep him around.