Chiefs re-signed TE Travis Kelce to a one-year, $12 million contract.

ESPN’s Adam Schefter reports the deal has a max value of $15 million. 36-year-old Kelce has been declining for several years now, but he was still fourth in tight end yardage (851) last season. He was a more distant 21st in TE yards per route run at 1.47. Kelce appeared particularly dead-legged at the end of the Chiefs’ trying season. He is best utilized as a third down/red zone package player at this point, something coach Andy Reid undoubtedly already knows. Kelce will keep hanging around the TE1 ranks in fantasy, but probably more in the TE8-12 range than TE5-8.