Albert Breer of The MMQB reported Gipson's deal is for three years and worth "a little more than" $22 million. Breer noted that amount is "less than half what Earl Thomas was looking for."
Undrafted out of Wyoming in 2012, Gipson made a name for himself while spending the first four years of his career with the Cleveland Browns, earning a Pro Bowl nod in 2014. He spent the last three seasons with the Jacksonville Jaguars before being released Friday.
Gipson is coming off a season in which he recorded 54 combined tackles, one interception and seven pass breakups. With Gipson's help, Jacksonville's pass defense ranked second in the NFL last season, one year after it was the league's No. 1 unit.
While the 28-year-old had still been productive, he was owed $7.25 million in base salary in 2019. Jeremy Bergman of NFL.com noted the move saved the Jaguars $7.45 million.
Schefter reported that Mathieu agreed to a four-year, $42 million deal with Kansas City on Monday.