The Kansas City Chiefs made a big splash yesterday when the re-signed WR Dwayne Bowe to a five-year contract, allowing them to use the franchise tag on LT Branden Albert.
Well now we know the details of Bowe’s deal.
According to Jason La Canfora of CBS Sports, Bowe’s deal is worth $56 million dollars with $26 million guaranteed.
Here is the tweet:
Dwayne Bowe’s 5 yr deal with KC is worth $56M with $26M guaranteed. He gets $11M per year. We’ll see if Wallace and Jennings can do the same
— Jason La Canfora (@JasonLaCanfora) March 5, 2013
The deal locks up Bowe through the 2017 NFL season. For Bowe, the $11 million per year will make him among the highest paid receivers in the NFL.
More on #Chiefs WR Dwayne Bowe: His signing bonus is $15M. He’ll earn $36M over the first three years.
— Ian Rapoport (@RapSheet) March 5, 2013
The Chiefs have made a significant investment in Bowe. This is wise considering the rest of the Chiefs’ receivers are average at best.
The recent signings of Bowe and punter Dustin Colquitt proves that the new regime in Kansas City is in win-now mode. The KC brass has also reportedly traded for 49ers QB Alex Smith. Smith may not be the long-term answer at the position for the Chiefs but he is likely gives KC the best chance they could hope for to win in 2013.
It will be interesting to see how the Chiefs approach free agency having spent so much money on their own players.