The Kansas City Chiefs have placed the franchise tag on wide receiver Dwayne Bowe, Josh Looney of KCChiefs.com reports.
A 2007 first-round pick out of LSU, Bowe has 356 receptions for 4,927 yards and 36 touchdowns in 75 games over the first five seasons of his NFL career. Bowe has four 70+ catch seasons, topped 1,000 yards three times (and had 995 yards his rookie season) and led the NFL with 15 touchdown receptions in 2010.
Bowe earned $2.765 million in base salary in 2011, the final year of a five-year rookie contract that included $6.5 million in guaranteed money and had a maximum value of $11.65 million. The franchise tender for wide receivers is projected to be worth $9.443 million in base salary in 2012.
The Chiefs using the tag on Bowe means cornerback Brandon Carr will likely hit the free agent market on March 13.