KANSAS CITY, MO (The Spread) – On Monday the Kansas City Chiefs made their first splash into the 2012 NFL offseason by signing cornerback Stanford Routt.

The deal is believed to be worth $19.6 million and is for three years. According to a person familiar with the dealings, the agreement also includes a $4 million signing bonus and $6 million the first season.

Routt is still owed $5 million next month from the Raiders, who released him after the first year of a $54.4 million, five-year deal. Routt chose the Chiefs over competing offers from Buffalo, Cincinnati, Houston, New Orleans, Minnesota and Tennessee.

View 2013 Super Bowl Odds

Routt will likely take over for Brandon Carr, who will become a free agent. Signing Routt means the Chiefs are more likely to use the franchise tag on wide receiver Dwayne Bowe instead of Carr. 

Oddsmakers currently list the Chiefs’ odds of winning the 2013 Super Bowl at 50/1 after opening at that same number. The Chiefs are also 23/1 to win the AFC Conference next season after opening at that number as well.

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