via Photo Source
The terms of Magee's deal weren't immediately announced but he likely signed a three year deal continuing the trend for the rest of the Chiefs second day picks. Terms of the current CBA allow a maximum four year contract but the Chiefs, along with only a handful of other teams, have opted for three year contracts. It's believed Magee's signing bonus will be in the neighborhood of $650,000.
Caplan reports Lawrence's contract will have a duration of three years and total $1.275 million. His signing bonus will be $90,000.
The Chiefs will have to release one more player before signing the final two picks and heading to training camp to meet the 80 man roster requirement.
Thanks to Mr. Wendler over at WPI for the link.