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The Chiefs are probably going to keep him around because his $5.25M contract isn't very much. It's a little pricey for a backup, but the Chiefs get a backup they at least know they can start without throwing the whole season away. They're not going to sign Henne, because he's going to want a long-term deal. I can't believe this is the case, but keeping Cassel makes some sense if you sign Peyton Manning. I'm not a Cassel fan at all.
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