Charles prepared to hold out

Charles tied for the NFL lead with 12 rushing touchdowns in 2013. Denny Medley-USA TODAY Sports

Kansas City Chiefs Pro Bowl running back Jamaal Charles, who wants to renegotiate his contract, will not report Wednesday when training camp opens, according to NFL.com.

Charles has two years left on a six-year, $27.97 million contract that he signed in 2010, but is due to make only $3.65 million in 2014 — well below market value for a player who totaled 1,980 yards from scrimmage and 19 touchdowns last season.

The Chiefs have talked with Charles about a new deal, but an agreement does not appear imminent. Barring a last-minute contract breakthrough, the Chiefs will have to begin training camp without their best player.

Charles accounted for more than 35 percent of the Chiefs’ offense last season, easily the highest number of any player in the league.

Backup Knile Davis will run with the first-team offense until Charles arrives in training camp.