Chiefs franchise Dwayne Bowe

Instead of letting Pro Bowl wide receiver Dwayne Bowe hit the market as a free agent, the Kansas City Chiefs retained him for next season by designating him as their franchise player. Bowe got the non-exclusive tag, so he can negotiate with other teams.

However, it would cost the team two first-round draft picks if they sign Bowe to an offer sheet and the Chiefs don't exercise their right of first refusal.

The Chiefs have until July 16 to sign Bowe to a long-term deal. Otherwise, he'll play this season under a $9.44 million franchise tender.

"Today was the league's deadline to designate a franchise player and we felt it was in the best interest of the Kansas City Chiefs to place the tag on Dwayne," Chiefs general manager Scott Pioli said in a statement.

A former first-round draft pick from LSU, Bowe has caught 356 passes for 4,927 yards and 36 touchdowns in five NFL seasons.

For more coverage of the NFL, go to Follow me on Twitter: @RavensInsider

Scout NFL Network Top Stories