Dwayne Bowe Now Third Highest Paid Wide Receiver In NFL

The Kansas City Chiefs locked up wide receiver Dwayne Bowe on Monday with a five-year, $56 million contract which certainly brought a smile to the face of Pittsburgh Steelers wide receiver Mike Wallace, who will be an unrestricted free agent one week from today.

PFT has the details of the contract signed by Bowe and I have it formatted out below along with the cap charges for each year to help you better see the structure.

The deal is pretty straight forward. It includes a $15 million signing bonus and workout bonuses of $250,000 in every year. The base salaries for Bowe by year are $750,000, $8,750,000, $10,750,000, $9,750,000 and $9,750,000.

Bowe is now the third highest paid receiver in the league from a yearly average value standpoint. Only Larry Fitzgerald and Calvin Johnson are ahead of him. You have to think that Wallace will be able to top Bowes\’ numbers.

YEARBASE SALARYWORKOUT BONUSSB PRORATIONCAP CHARGE
2013$750,000$250,000$3,000,000$4,000,000
2014$8,750,000$250,000$3,000,000$12,000,000
2015$10,750,000$250,000$3,000,000$14,000,000
2016$9,750,000$250,000$3,000,000$13,000,000
2017$9,750,000$250,000$3,000,000$13,000,000
TOTAL$39,750,000 $1,250,000 $15,000,000$56,000,000

I am, I'm me. 40 something, retired and a life long Steelers fan.
  • HarryBackside

    Bowe just set the market for free agency. Looks like Wallace will be getting at least this much. My guess is that Wallace gets an even $60M. Looks like he knew what he was doing after all.

  • Kusko_Ken

    “Cha-Ching”, said Mike Wallaces inner dialogue.

  • steeltown

    Wow.. when/if Wallace becomes the 3rd highest paid WR in the League, I will laugh, he’s a good WR, but damn NFL contracts/Free Agency is getting comical… WR’s are like RB’s.. they can be drafted early and late and sometimes signed off the street, no need to grossly overpay these guys, what do they get 6-12 touches a game??…….Not worth it

    Hello 2014 3rd Rd compensatory pick

  • TJimmy

    Wallace lost $7.5 million this year taking the minimum. So any gain he would have in free agency vs. signing with the Steelers is only making up for the ground he lost in the holdout.

    And that’s assuming he doesn’t get cut later on due to injury or degraded performance.

  • urstudent

    thats crazy, I think theres an upper echelon group of WRs in the NFL that can warrant that money like Calvin, Fitzgerald, Andre Johnson maybe a few others. Wallace and Bowe defintely are not in that group.

    2012: 34th in Yards, 15th in TDs,
    2011: 11th in Yards, 11th in TDs,
    2010: 5th in Yards, 7th in TDs.

    good numbers, but not deserving of top 5 WR pay

  • http://pulse.yahoo.com/_ESU2VFZHEUTQEPJ7AWSN7ODBPQ Emac2

    And assuming he was offered far more than he was offered by the Steelers….and that the guarantees from the steelers were higher.

  • DashingDave314

    Keep in mind who has been throwing Bowe the ball the past three years.

  • Dan

    Agreed. That does seem high even if his numbers are distorted a bit by the lack of a QB. I will be interesting to see what somebody is willing to pay Wallace. He does the ability to be among the best in the league, but not sure why his flashes are not more consistent. Maybe he will shine somewhere else, but there is certainly a risk in paying him $60M. I think the Steeler coaches must see something in him, e.g. work habits, attitude, etc, that make it not worth the risk or we’d have paid it already. Probably these things won’t get any better once he’s extra rich. Also speed doesn’t last forever.

  • http://www.facebook.com/steve.duncan.77 Steve Duncan

    The Chiefs overpaid for Bowe, who is not nearly the third best WR in the NFL. Someone will overpay for Wallace as well.

  • http://www.facebook.com/steve.duncan.77 Steve Duncan

    I doubt that he gets that much.

  • http://www.facebook.com/steve.duncan.77 Steve Duncan

    Keep in mind how inconsistent Bowe has been in that time as well. It’s not just who throws the ball.

  • HarryBackside

    Wallace will have no problem getting that much. He’s a young, productive WR who has been able to stay healthy. Wallace also has the benefit of competing offers, which will push his price up. The salary floor also goes into effect this year, and there are a number of teams that need to spend to comply with salary cap rules. Don’t be shocked when Wallace signs a $60M contract

  • http://www.facebook.com/steve.duncan.77 Steve Duncan

    The Dolphins are his most likely suitor. I doubt they pay that much for him unless it is a longer contract, and frankly, he isn’t worth that much. He wasn’t before this year and he had a down year this year.