Jan 4, 2014; Indianapolis, IN, USA; Kansas City Chiefs quarterback Alex Smith (11) celebrates after throwing a pass for a touchdown during the second quarter of the 2013 AFC wild card playoff football game against the Indianapolis Colts at Lucas Oil Stadium. Mandatory Credit: Andrew Weber-USA TODAY Sports

Report: Alex Smith Looking For $14 to $17 Million Per Season


Mike Florio of Pro Football Talk has some updates on the Alex Smith contract extension talks, and the numbers are not quite as large as originally expected. Here’s the basics of the negotiations Florio says are moving very slowly.

If/when an agreement is reached, look for the deal to have a value in the neighborhood of $14 million to $17 million per year.  Which would be a very good contract for a guy who was the first pick in the 2005 draft and who was at times regarded as being a borderline bust.

At the max end of $17 million per season, Smith’s contract would rank as the ninth highest in football, below Jay Cutler and Tony Romo. Smith’s current deal ranks him as the 14th highest paid quarterback based on the average annual value of his current contract, which ends after the 2014 season.

Ultimately what matters here is how the contract is structured and the guaranteed money. There are reasonable ways the Chiefs can give Smith a big contract but be able to let him go in two or three years if they are able to find a young franchise quarterback. If the Chiefs think Smith can be a long-term solution at quarterback then pressure on how the contract is structured is not as great.

What do you think, Addicts? Is Smith worth $17 million per season?

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  • Stacy D. Smith

    I’ll bet they split the baby and he winds up somewhere around $15.5 per.

    • berttheclock

      Remember who is his agent. He is Tom Condon, the same agent Pioli could not work with, but, he brought Ryan a mega buck deal long before Pioli arrived in Atlanta. He is, also, Peyton Manning’s agent, so, he really understand the QB level of pay.

      • Stacy D. Smith

        Today’s a new day in the NFL. Quarterbacks are being paid more than ever and Condon knows it. I think fans just haven’t gotten their heads around 8-digit annual quarterback salaries being the norm.

      • jgwindsor

        and possibly feels he needs to do right by AS11 over all that peyton-niner conspiracy a couple of years back and making AS11 go to miami debacle

  • Calchiefsfan

    I’d like to see a breakdown of the current QB’s salaries. I definitely believe Smith is as good as, (better than), Romo or Cutler but I also believe that both those guys were over paid.

    • Brian Dempsey

      Quite correct. Romo and Cutler were overpaid. Flacco was a bit rich, as well. Crossing finger that a deal gets done with Alex, soon.

    • Steve Osborn

      http://overthecap.com/top-player-salaries.php?Position=QB

      According to this, $17 per would put him behind Rogers, Ryan, Flacco, Brees, P. Manning, Cutler, Romo and Stafford. Right behind that comes E. Manning ($16.2), Rivers (15.3) and Rothlisberger (14.6). Some would argue they should be paid higher than Smith. But keep in mind, they are toward the end of their contracts (2016) and will likely all get paid again soon. Brady is a total anomaly at $11.4 b/c he took a team friendly deal to free up cap space. Others that some will claim are better than Smith are all still on their rookie contracts – Wilson, Luck, RGIII, even Dalton.

      So yeah, $17 mil seems like a lot and I would love to see him take a little less to help the team. But if you can lock him up for a few extra years, even at $17 mil, that seems to be the going rate. He was easily playing like a top 10 QB by the end of the season.

  • niner559

    I can’t see this not happening. They did not give up two 2nds for a 2 year loaner. I believe alex wants to play where he is appreciated and the contract tells a player how much he is appreciated. If they don’t sign him this year, not sure there will be any negotiations next year when he hits the open market.

    • Andy

      Exactly my thoughts. Smith is a good qb, but renting him for two second rounders puts us with egg on our face. This will get done.

  • micah stephenson

    No

  • jimfromkcj

    I think 17 million is franchise QB money, and I just don’t see him as a franchise QB. He is a good QB who can win you a lot of games and with luck and good players around him can get you to the playoffs, but I just don’t see him as ever taking the chiefs to a super bowl. 10 or 12 million is my top dollar for him and if that isn’t enough I would trade him for whatever I could get and move on.

    • CaliChief57

      Yeah we just traded away two 2nd round picks for him and now you want to trade him for nothing? Not smart. Lock him up long term @ 16 per yr and groom young QB for the future.

  • GDL40

    Fck THAT ! He’s not worth that much! Just because we gave up TWO 2nd round picks for him doesn’t mean we have to give him a fat contract just to not look stupid for giving up those 2 second round picks (which we were). We need to realize it was a mistake and cut our losses! Let him play out his contact, or trade him for whatever….if Bridgewater drops to 23rd wee look for the trade, if no one bites we take him and sit him behind Alex that first year…sh!t I’d rather roll the dice with Bray and have that cap space for other areas….he would probably throw more interceptions but also put up more points….and if our defense gets their shit together we’d be alright…

    • niner559

      Uhm…LOL? That’s crazy talk.