According to ESPN's Adam Schefter, the Chiefs and WR Dwayne Bowe reached agreement on a five-year contract extension, avoiding having to use a second franchise tag on the 2007 first-round pick out of LSU. Playing under a $9.515 million tender last season, Bowe led the Chiefs with 53 receptions for 801 yards and three touchdowns.
Dwayne Bowe was on pace for 73-981-3.7 (#28 WR numbers) before missing the final three games with broken ribs. Until Andy Reid was hired as head coach, it was assumed that Bowe would depart via free agency, but Reid was involved in DeSean Jackson's monster contract last season and probably encouraged the Chiefs to re-sign Bowe. With the upgrade at QB (to Alex Smith), Bowe should have a solid 2013 season. He has the 17th highest FP per game average over the last three seasons, so expect him to put up solid fantasy WR2 numbers.