NFL Rumors: Dwayne Bowe to Sign His Franchise Tender with Kansas City Chiefs?

Field YatesCorrespondent IIIApril 26, 2012

CHICAGO, IL - DECEMBER 04: Dwayne Bowe #82 of the Kansas City Chiefs catches a pass in front of Charles Tillman #33 of the Chicago Bears at Soldier Field on December 4, 2011 in Chicago, Illinois. The Chiefs defeated the Bears 10-3. (Photo by Jonathan Daniel/Getty Images)
Jonathan Daniel/Getty Images

Here's a late-breaking rumor to get your first-round draft day started: Kansas City Chiefs wide receiver Dwayne Bowe, who received the franchise tag this offseason after the team was unable to strike a long-term agreement with the 27-year-old, is considering signing his tender due to a concern that the team may invest in a first-round receiver this evening, according to a report on Pro Football Talk.

The report states that Bowe may be wary of the Chiefs reneging his franchise tag if they choose a wideout, which would accordingly make him an unrestricted free agent. And while some would think that is something the receiver would yearn for, PFT astutely notes that much of the generous money teams were willing to allocate towards a new wide receiver have long since been paid out.

Although Bowe's primary desire is assuredly a long-term commitment from a team with ample guaranteed money, that may be something that has to wait until next offseason to see. Signing his tender would pay him a fully guaranteed $9.5 million for 2012, which is by no means a bad haul for a guy who has made roughly that much throughout the entirety of his five-year career.

Should the Chiefs, in fact, be interested in a wide receiver at pick No. 11 (and that isn't amongst the many rumors we've heard that is in the team's plans throughout the lead-up to the draft), Michael Floyd would be a possible target. The big receiver from Notre Dame has starred throughout the pre-draft process and is considered a possibility in the top half of the draft.

The Chiefs invested a first-round pick in receiver Jon Baldwin in 2011, and he figures to have a much improved sophomore season after starting his career on the sideline due to a thumb injury suffered in a locker room scuffle with a teammate.

Bowe, drafted 23rd overall out of LSU in 2007, has career totals of 356 catches for 4,927 yards and 36 touchdowns.