Dustin Colquitt stated his case as one of the NFL's top punters with a Pro Bowl season in 2012. And now the Chiefs have rewarded him for it. Colquitt and the Chiefs have agreed on a brand new contract, which will keep Colquitt in Kansas City.

Dustin Colquitt is now highest-paid punter in NFL. He reached agreement with Chiefs on a 5-yr, $18.75 million deal, including $8.9 mil gtd.

— Adam Schefter (@AdamSchefter) March 4, 2013

His contract was expiring and he would've been a free agent on March 12 had this deal not got done.

Both Chiefs GM John Dorsey and head coach Andy Reid commented on the move.

Dorsey: "We are excited that we were able to come to a long-term agreement with Dustin and keep him in Kansas City. Dustin is an elite punter in this league, he's done a great job for this franchise the past eight seasons, and we are looking forward to working with him."

Reid: "John and I knew right away that we'd like to keep Dustin in a Chiefs uniform. He's worked hard at his craft and has become one of the best punters in the NFL. He's got a strong leg and the ability to pin opponents deep in their own territory. We are happy we were able to come to an agreement."