Though no official announcement will be made for several days, we've confirmed that all parties have agreed to the terms and an official announcement chould be made in the next 72 hours.
With the contract extension in place for Shields, Kansas City appears to have freed up another $3 million in cap space. That gives the Chiefs nearly $10.5 million in cap space to extend the contracts of tight end Tony Gonzalez and running back Larry Johnson.
It also gives them cap space to re-sign fullback Tony Richardson and defensive tackle Lional Dalton.
The Chiefs have been relatively quiet since free agency began on Saturday at midnight. While other teams have been active, the Chiefs publicly have indicated that they'll let the first wave of free agents sign before they officially line up any visits at Arrowheadring in any free agents.
As of this writing the Chiefs are still in the Terrell Owens sweepstakes. It appears the Dallas Cowboys are the only other serious suitor for the inigmatic wide receiver.
Two other players on the Chiefs radar screen are both cornerbacks. Kansas City has a watchful eys on Charles Woodson and Ty Law. Both come with extreme baggage but with the signing of Shields, Kansas City now has some room to maneuver in creating competitive contracts for either Owens, Woodson or Law.
Stay tuned to Warpaint Illustrated for more Chiefs news.
Chiefs Extend Contract of Will Shields
WarpaintIllustrated.com Top Stories
Packers Acquire Davis; Place Shields on IRKnile Davis goes from fourth on the depth chart in Kansas City to a key role with the short-handed Packers. He is big and fast but to this point has failed to put it all together.
Packer ReportTuesday at 6:51 AM
Week 6 NFL DFS: DraftKings Secret StarsHave you experienced the fun of Daily Fantasy Sports (DFS)? We have some recommendations for you if you're interested in participating in contests over at DraftKings. With just a…
Week 6: Four Bewildering BackfieldsEvery week, Fantasy Football Expert Mark Morales-Smith examines the most turbulent backfields in the NFL to help decipher whether or not there are any Fantasy stars in the making.
Three Backfields With Question MarksEvery week, Fantasy Football Expert Mark Morales-Smith examines the most turbulent backfields in the NFL to help decipher whether or not there are any Fantasy stars in the making..…