The Chiefs are giving up plenty for quarterback Alex Smith — especially since he’s under contract for only two more years.
Per a source with knowledge of the situation, there have been no discussions regarding a possible extension of Smith’s contract by the Chiefs.As a practical matter, a new contract would be negotiated and finalized after the trade becomes official, if the Chiefs want to extend the deal beyond 2014.
Of course, Smith has to want to do it, too. He may decide to see how things play out in Kansas City before committing to the team on a long-term basis.
Smith is due to earn $8.5 million in 2013. His contract becomes fully guaranteed on April 1.