Update:
Veteran WR Dwayne Bowe announced via his Twitter account that he has been released.
— MoneyBo (@_MoneyBo_) March 12, 2015
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ESPN’s Adam Schefter reports that the Kansas Cityย Chiefs are releasing veteran WR Dwayne Bowe today.
- Ian Rapoport of NFL Mediaย previously reported that this was the next move forย the Chiefs after they signed Jeremyย Maclin to a huge contract.
The Patriots and Ravens have both come up as potential landing spots for Bowe in recent days.
Bowe, 30, hadย another three years remaining on hisย five-year, $56 million contract that includedย $26 million guaranteed. He had base salaries ofย $10.75 million (2015) and $9.75 million (2016-2017) coming his way over the remainder of the agreement.
According to OverTheCap.com, releasing Bowe willย free upย $5 million in cap space for the Chiefs while creating $9 million in dead money. If they were to designate him as a post-June 1 release, those numbers would improve to $11 million cap savings and $3 million in dead money.
In 2014, Boweย appeared in 15 games for the Chiefs and caught 60 passes for 754 yards receiving and no touchdowns.
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