ESPN’s Adam Schefter reports that the Chiefs have reached an agreement with WR Dwayne Bowe on a five-year contract. Schefter also reports that Kansas City will use their franchise tag on OT Branden Albert, and if that wasn’t enough, they also signed P Dustin Colquitt to a long-term extension.
Bowe receives a five-year deal worth $56 million and $26 million in guaranteed. $20 million is already fully guaranteed with the remainder being guaranteed after next season. Bowe also gets a $15 million signing bonus from the Chiefs.
Here’s a look at how Bowe’s contract breaks down.
- 2013 – $750,000
- 2014 – $8.75 million
- 2015 – $10.75 million
- 2016 – $9.75 million
- 2017 – $9.75 million
His contract includes $250,000 workout bonuses in each year of the contract.
Albert, 28, will receive a one-year tender of $9.82 million for the 2013 season.
He told Adam Teicher that he expects to be playing tackle for the Chiefs next season, but admits that he hasn’t spoken with either HC Andy Reid or offensive line coach Andy Heck.
“Today was the league’s deadline to designate a franchise player and we felt it was in the best interest of the Kansas City Chiefs to place the tag on Branden,” GM John Dorsey said. “We will continue to negotiate with Branden and his agent to reach a deal that is mutually beneficial. We are looking forward to working with Branden in the near future.”
Pro Football Talk cautions that although the Chiefs have franchised Albert, there’s still a chance that they could take an offensive tackle with No. 1 overall pick.
ESPN’s Adam Schefter reports that Colquitt will be the highest paid punter in the league.
Colquitt receives a five-year deal worth $18.75 million and includes $8.9 million guaranteed.
“We are excited that we were able to come to a long-term agreement with Dustin and keep him in Kansas City,” said GM Dorsey. “Dustin is an elite punter in this league, he’s done a great job for this franchise the past eight seasons, and we are looking forward to working with him.”
We had Bowe listed as the No. 6 best available player and Albert as the No. 11 best available players in our Top 50 Free Agents list.