The Buffalo Bills may have lost free agent linebacker Paul Posluszny to the Jacksonville Jaguars Tuesday night, but they were able to re-sign another of their top-priority players on Wednesday afternoon. Cornerback Drayton Florence has announced on Twitter that he's re-signed with the Bills, and will report to St. John Fisher for training camp when the new league year begins on August 4.

ESPN's Adam Schefter reports that it's a three-year deal worth $15 million - a very nice raise for the veteran corner.

Last night, NFL.com's Jason La Canfora reported that the Bills had entered into a bidding war with the New York Jets for Florence's services. The Jets may be looking for a replacement for Antonio Cromartie, but also appear to be ramping up efforts to sign big-name free agent Nnamdi Asomugha. When that news became prevalent, it also became more likely that Florence would return to Buffalo. That has apparently come to fruition.

Florence will enter the 2011 season as Buffalo's top cornerback and a certain starter. He'll get stiff competition from the likes of Terrence McGee, Leodis McKelvin and rookie Aaron Williams for playing time, but in terms of production and depth, this is a big win for the Bills.