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Dwayne Bowe's contract: 5 years, $56 million

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I wrote this morning that I was confused as to why the details of Dwayne Bowe's new contract with the Kansas City Chiefs weren't out yet. Well now they are. The details: five years, $56 million with a reported $26 million in guarantees.

Dilip Vishwanat

We were waiting on the Dwayne Bowe contract details and here they are:

In the end, Vincent Jackson money is what it was. Jackson signed a near-identical contract, at least based on the initial numbers: five years, $55 million and also with $26 million guaranteed.

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.

The devil, as it always is with these contracts, is in the details. NFL contracts are not guaranteed so these numbers that you see floated out initially don't always mean much. It's all about how the deal is structured.

How does this affect the salary cap? We won't know until we see how the deal is structured and what his first year payout is.

Update: More details

Update, take two: PFT has complete details

Keep reading:

John Dorsey isn't messing around

Chiefs fans, today was a good day

This totally changes the No. 1 pick

John Dorsey: Bowe's deal was 'one of the first items on our agenda'

More Dorsey: Colquitt is elite

Albert, Chiefs weren't close to a deal ... but they'll continue talking