Alex Smith and the Kansas City Chiefs have agreed to a contract extension.
The #Chiefs and Alex Smith have agreed to a four-year, $68M contract extension with $45M in guarantees, a league source tells me.
— Terez A. Paylor (@TerezPaylor) August 31, 2014
I have mixed feelings about investing this kind of money into Alex Smith. Just like with Andy Dalton, it’s tough to hitch your wagons to guy to the tune of 68 million when he has been solid, but not elite. I’m not saying Smith is a terrible quarterback, because you can certainly do a lot worse ( I’m looking at you Ryan Fitzpatrick) . In this instance, paying Smith makes more sense then starting over from scratch with a rookie and I think he will continue to do some nice things for the Chiefs in 2014.
Smith will get 30 million of his guaranteed money up front, and will get the other 15 million next March.
PFT confirms new deal for Alex Smith. Four-year, $68M extension. $30M guaranteed at signing. Another $15M vests next March.
— ProFootballTalk (@ProFootballTalk) August 31, 2014