12:01pm: The Chiefs have officially signed Maclin, the team confirmed in a press release. The announcement should pave the way for Bowe’s release.
WEDNESDAY, 10:03am: The Chiefs are working on their cap situation before officially signing Maclin to his new deal, according to Chris Mortensen of ESPN.com, who tweets that the five-year deal will be worth $55MM, including $22.5MM in guarantees. The wideout will receive $13MM in year one, tweets McLane.
MONDAY, 8:41am: A source tells Jeff McLane of the Philadelphia Inquirer (Twitter link) that Maclin will receive $11MM per year, or close to it, on his deal with the Chiefs. The wideout got more than Cobb’s $10MM annual salary, McLane’s source confirms.
SUNDAY, 7:36pm: The Chiefs have agreed to terms on a deal with wide receiver Jeremy Maclin, reports Chris Mortensen of ESPN (via Twitter). Maclin will reunite with his former coach Andy Reid and join a team that did not complete a touchdown pass to a wide receiver last year.
Mortensen writes that the team will likely have to clear up cap space in order to make the deal official, and the logical move would be to cut Dwayne Bowe before Tuesday (via Twitter).
Maclin is coming off a breakout season in which he caught 85 passes for more than 1,300 yards and 10 touchdowns.
Details of the contract have not yet been released.