Update:
The Kansas City Chiefs have already announced their agreement with TE Travis Kelce.
https://twitter.com/Chiefs/status/693131074541453312
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Ian Rapoport of NFL Media reporting that the Chiefs have reached an agreement on a new contract extension for TE Travis Kelce.
- According to Rapoport, Kelce receives a five-year extension worth $46 million with $20.5 million guaranteed.
- The contract includes a $10 million signing bonus and carries a max value of $50 million, per Rapoport.
- Rapoport notes that this is will make Kelce the second-highest paid tight end in the NFL.
Kelce, 26, is a former third-round pick of the Chiefs back in 2013. He was entering the final year of his four-year, $3.126 million rookie contract and stands to make a base salary of $675,000 for the 2016 season.
In 2015, Kelce appeared in all 16 games for the Chiefs and recorded 72 receptions for 875 yards receiving and five touchdowns. Pro Football Focus has him rated as the No. 55 tight end out of 73 qualifying players.
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