Aug 28, 2014; Green Bay, WI, USA; Kansas City Chiefs quarterback Alex Smith (11) warms up before game against the Green Bay Packers at Lambeau Field. Mandatory Credit: Benny Sieu-USA TODAY Sports

Report: Kansas City Chiefs Sign Alex Smith To $68 Million Extension

The Kansas City Chiefs have locked up their quarterback.

According to a report from Terez A. Paylor of the Kansas City Star, the Chiefs have signed Alex Smith to a four-year, $68 million contract with $45 million in guaranteed money. Twitter proof:

 


The Chiefs have been working on a deal since the end of last season and it was thought the negotiations were not going well. It had gone so far as to Smith saying he had an idea in mind of when he would stop negotiations. So much for that idea. And so much for the idea Smith would land a $100 million deal.

This signing also opens up the franchise tag for John Dorsey to use on Justin Houston if a deal cannot be reached before March. Houston is thought to be done negotiating until the end of the season.

We’ll have more on this news as it comes in. For now, what do you think? Seems like a lot less money than what people had feared. It will be interesting to see how all of the guaranteed money breaks down and how much of the $45 million is actually guaranteed. Remember, structure means everything.

 

 

Next Chiefs Game View full schedule »
Sunday, Sep 2121 Sep4:25at Miami DolphinsBuy Tickets

Tags: Alex Smith Kansas City Chiefs

comments powered by Disqus