Dwayne Bowe is now a top-five receiver in the NFL -- at least when it comes to his salary.
Bowe's new deal with the Kansas City Chiefs is for $56 million over five years, according to CBS Sports' Jason La Canfora. A total of $26 million is guaranteed and he'll make, on average, $11 million per season.
His signing bonus is $15 million, according to NFL.com's Ian Rapoport. He'll make $36 million over the first three seasons.
Bowe's new contract puts him into elite contract status. His $26 million guaranteed is in the top five in the league for wide receivers, right with Vincent Jackson -- who was also guaranteed $26 million when he signed with the Tampa Bay Buccaneers. Jackson signed a five-year, $55.55 million deal before the 2012 season.
SB Nation's Arrowhead Pride says it's a "really big" contract for Bowe:
If you didn't know, that's a huge contract. Really big. On the average per year, that ranks Bowe third in the NFL behind Calvin Johnson and Larry Fitzgerald, and just ahead of Vincent Jackson. Scott Pioli said on SiriusXM NFL Radio last week that he thought Bowe should be paid as a top 10 receiver, not as a top five receiver. Clearly, the new regime disagrees.