[ESPN.com] The Chiefs have signed running back Thomas Jones to a two-year deal worth $5 million, a league source told ESPN NFL Insider Adam Schefter.

The Chiefs announced the deal Tuesday but declined to disclose the terms.

Jones was released by the Jets last week after being due a $3 million roster bonus on top of a $2.8 million base salary this season. He and the Jets failed to reach a compromise on restructuring his contract; the team wanted him to take a pay cut.

City’s radar. After spending Tuesday with the Washington Redskins, Pittsburgh Steelers free-agent running back Willie Parker was scheduled to visit the Chiefs on Thursday, a league source told Schefter, but the trip was canceled when Jones entered the fold.

The Chiefs also met with Justin Fargas on Tuesday, according to a league source.

The 31-year-old Jones is coming off a season in which he set career highs by rushing for 1,402 yards and 14 touchdowns while helping the Jets reach the AFC Championship Game against Indianapolis. He was also a popular presence in the locker room, twice being voted the team’s most inspirational player by his teammates.