Jamaal Charles has agreed to a contract extension with the team.
Terez A. Paylor of The Kansas City Star reports on July 23 that Charles will earn $18 million over the next two seasons, making him the NFL's second highest-paid running back behind Adrian Peterson of the Minnesota Vikings:
"Chiefs running back Jamaal Charles is headed to training camp after agreeing Wednesday afternoon to a two-year contract extension with the team, multiple sources told The Star.
"A person with knowledge of the situation also told The Star that Charles is set to earn more than $18 million in new money from the agreement, including $5.1 million more than he was previously scheduled to make over the next two years.
"Charles will earn $8.3 million this year, which will make him the second highest-paid running back this year, behind Minnesota's Adrian Peterson.
"Shortly after the news broke, Charles -- who has been relatively quiet on Twitter for the last several days -- posted an amusing message.
"'I had no intention on holding out...I just ran out of guys on the way to camp,' his tweet read.
"Charles didn't show from noon to 1 p.m., when the Chiefs allowed reporters to watch veterans enter their dormitory at Missouri Western. He also didn't show in the in the next hour, when a few veterans trickled in before the deadline. But he will be present Thursday.
"Outside linebacker Justin Houston, who was also believed to be seeking a new deal, did not enter during that time frame, either. But a source told The Star on Tuesday night that Houston is expected to report to camp before the first practice for veterans, which is scheduled for 3:30 p.m. Thursday."
ESPN' Adam Teicher also confirmed Charles' new deal:
"Kansas City Chiefs running back Jamaal Charles will report to training camp after all, reaching agreement with the team on a two-year contract extension, sources confirmed to ESPN.
"Charles was absent from camp at Missouri Western State University at 4 p.m. ET Wednesday, when players were required to report. But the sides reached an agreement shortly afterward and Charles was en route to camp from his home in Kansas City.
"His previous contract, signed in 2010, had two years remaining. The new deal, which runs through 2017, will pay Charles $18.1 million for the additional two years. He will make an extra $5.1 million over the next two seasons, including a $4.4 million raise this year, according to sources. He was scheduled to make $3.9 million this year, including a base salary of $2.65 million.
"Charles, 27, has been one of the NFL's top running backs for several seasons and had perhaps his best all-around season in 2013. He provided a league-high 35.3 percent of the team's yards from scrimmage, leading the Chiefs in rushing and receiving. He also led the league with 19 total touchdowns."