Update:
Mike Florio of Pro Football Talk, citing a source with knowledge of the situation, reports that contract talks between the Chiefs and QB Alex Smith are moving “very, very slowly.”
- Florio adds that talks are likely to pick up following the draft.
- Smith could end up securing as much as $14 million to $17 million annually in his next contract, according to Florio.
In his first season with the Chiefs, Smith led them to playoffs and played great in their first-round matchup against the Colts before an incredible turnaround from Indy. Smith also set career highs in passing yards with 3,313, rushing yards (431) and touchdowns (23) while only throwing seven interceptions.
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Chiefs QB Alex Smith mentioned that his agent has been in contact with the team regarding an extension and he intends to leave the talks up to him, per Randy Covitz.
The last we heard regarding Smith and possible extension came from GM John Dorsey who mentioned that contract talks with were “ongoing” between the two parties.
Smith, 29, is entering the final year of his current deal and will make $7.5 million for the 2014 season. He counts just as much against the Chiefs salary cap, so a long-term deal would offer them some cap relief.
Smith came over in a deal that wound up costing the Chiefs two second-round picks, which includes their 2014 selection. It would be tough for them to allow Smith to depart or even test the open market after parting with draft compensation for him.
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