The former Atlanta Falcon and Buffalo Bill agreed to a one-year deal with the Dallas Cowboys on Saturday. The deal is believed to be worth $2 million and includes a $500,000 signing bonus.
He can also earn more than $500,000 in incentives.
Price, who was released earlier this week after two disappointing seasons with the Falcons, could become a viable second or third option at wide receiver for the Cowboys this season.
In addition, Price has a previous working relationship with Drew Bledsoe. In fact, he caught a career-high 94 passes for 1,252 yards and nine touchdowns in 2002 when both players were with the Buffalo Bills.
Price started 15 of 16 games last season, catching 45 passes for 575 yards and three touchdowns. In 2003, he led the Falcons with 64 receptions for 838 yards and three scores.
Price, who was drafted by the Buffalo Bills in the second round of the 1999 NFL Draft out of Tennessee, finished his career third on the Volunteers' all-time receiving charts with 147 catches for 2,298 yards and 19 touchdowns.