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Chiefs, 49ers agree to Alex Smith trade, according to report
By Joel Thorman on Feb 27, 9:02a 129
USA TODAY Sports
The Kansas City Chiefs and San Francisco 49ers hav agreed to a trade that will send Alex Smith from the San Francisco 49ers to the Chiefs.
The deal can not become official until March 12 when the new league year opens. The compensation on the deal is not yet known. Update: A report states the Chiefs are giving up TWO draft picks.
The Chiefs and 49ers have struck a deal sending Alex Smith to Kansas City, according to Jay Glazer.
Deal has been agreed upon between Chiefs and 49ers. Compensation unclear but I'm told again Chiefs have made a clear commitment to Smith.
— Jay Glazer (@JayGlazer) February 27, 2013
Wow is all I can say. At first glance, I don't know why the 49ers would shut the market down and do a deal this early. They can not make the trade official until March 12 when the new league year is here and the trading period is open.
The compensation on the deal is not yet known but rumors have been anywhere from a second round pick to a fifth round pick. The Chiefs could have an extra third round pick due to compensatory choices.
Just in: Chiefs giving up two draft picks?
Smith would be yet another former 49ers quarterback to join the Chiefs, following in the footsteps of Steve Bono, Joe Montana and Elvis Grbac.
Smith has two years left on his contract, which is set to pay him $7.5 million in 2013. There's also a $1 million bonus due on March 15, which is why many expect this trade to get done before that point.