Submitted by: kirkland on Monday August 28th, 2006 at 06:46 PM EST

Actor Tom Cruise, who was dropped by Paramount Pictures last week for his off-screen behavior, has signed a two-year development deal with an investment partnership headed by Washington Redskins owner Daniel Snyder, the companies said on Monday.

First and Goal LLC, headed by the owner of the National Football League team, will provide development and overhead financing for the actor's firm, Cruise/Wagner Productions for two years, with an option to renew after that, the companies said.

The companies did not disclose the amount of financing that would be provided.

» Full story @ Reuters