Chiefs WR Dwayne Bowe has no plans to sign franchise tag

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Kansas City Chiefs wideout Dwayne Bowe has no plans to sign his franchise tag soon, a source with knowledge of the situation said Thursday, contrary to an Internet report.

Bowe, like other franchise players who have yet to sign their tags, is hoping to get a long-term deal, but nothing is imminent. The NFL's deadline for franchised players to agree to a long-term contract is July 15.

Bowe would make $9.5 million in 2012 if he signed his franchise tender.

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