Report: Jamaal Charles, Chiefs agree to two-year extension

The Kansas City Chiefs and running back Jamaal Charles have reached an agreement on a two-year contract extension that will raise Charles' pay $5 million per year over the next two seasons.

The Kansas City Chiefs and running back Jamaal Charles have reached an agreement on a two-year contract extension, according to NFL.com's Ian Rapoport.

The extension will raise Charles' pay $5 million per year over the next two years.

Charles, 27, was set to make $3.9 million on his old deal.

Rapoport reported Tuesday that Charles, believing he deserved a higher salary, was considering holding out from training camp.

A third-round pick out of Texas in 2008, Charles is a three-time Pro Bowl pick and twice earned first-team All-Pro honors.

He rushed for 1,287 yards and led the NFL with 12 rushing touchdowns last season as the Chiefs went 11-5 before falling to the Colts in the Wild Card round of the playoffs.

Jamaal Charles and the #Chiefs have struck a deal, source says. He’s heading to camp now.

— Ian Rapoport (@RapSheet) July 23, 2014

It’s a 2-year extension for #Chiefs RB Jamaal Charles worth $18.1M in new money, source says. Extra $5M over the next 2 years. Top 5 RB $$$

— Ian Rapoport (@RapSheet) July 23, 2014

More: Offseason report card: Chiefs

- Chris Johnson