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Financial terms were not disclosed, but as the No. 11 overall pick, Poe's four-year rookie contract is expected to be worth around $11.3 million in fully guaranteed money, including a signing bonus of $6,672,728. The Chiefs will also hold a fifth-year option, a standard component of first round contracts in the new collective bargaining agreement.
The 6-foot-4, 346-pound nose tackle from Memphis is expected to start in the middle of a Chiefs' defense that ranked 26th against the run last season, averaging 132.0 yards per game.
During his 35-game career at Memphis, Poe recorded 101 tackles, including 21.5 for a loss and five sacks. Poe demonstrated his speed and strength at the scouting combine, running the 40-yard dash in under five seconds (4.98) and doing 44 reps on the bench press.
Poe's signing leaves Jacksonville Jaguars wide receiver Justin Blackmon (No. 5 overall), Miami Dolphins quarterback Ryan Tannehill (No. 8 overall) and Tennessee Titans wide receiver Kendall Wright (No. 20 overall) as the three unsigned first round picks from the 2012 NFL Draft.