Watkins' deal is expected to be worth $16 million per year over three years, according to Ian Rapoport of NFL Network.
Watkins rebuilt his value after a strong season with the Los Angeles Rams, his lone campaign with the club after the Buffalo Bills traded him there last offseason. He starred at Clemson, and the Bills gave up future first- and fourth-round picks in order to move up five spots and draft Watkins in 2014.
Free agency officially begins on Wednesday at 4 p.m. ET, but beginning at noon on Monday, teams can begin negotiating contracts with unrestricted free agents.
The 24-year-old is coming off his first season with the Rams where he experienced a drop in production recording 39 catches for 593 receiving yards and eight touchdowns.
And he's a fantastic fit for the Chiefs, who now have a bunch of field stretchers on their versatile offense.
Meanwhile, Watkins' career will continue in Kansas City, where Patrick Mahomes is taking over as the quarterback and Tyreek Hill, Travis Kelce and Kareem Hunt will join Watkins in one of the most talented groups of skill position players in the league.
With Reid's complex blend of college and pro schemes, the Chiefs have unlimited upside offensively. During his first season in Kansas City, the Chiefs signed Dwayne Bowe to a big deal, enabling them to use the franchise tag on Branden Albert at the last minute. That places Watkins among the highest-paid receivers in the game.
ASOS (LON:ASC) Rating Reiterated by Shore Capital
Liberum Capital reaffirmed a "buy" rating and issued a GBX 665 ($9.19) price target on shares of Tp Icap in a report on Tuesday. Peel Hunt restated their buy rating on shares of Faroe Petroleum (LON:FPM) in a report released on Friday, February 23rd.