49ers announce trade of QB Alex Smith to Chiefs
KANSAS CITY, Mo. (AP) — The Kansas City Chiefs finally have their new quarterback.
The Chiefs officially traded for Alex Smith on Tuesday, the first day of the new league year — and nearly two weeks after the San Francisco 49ers agreed to the deal. All that's left is for Smith to pass a physical and the paperwork to be filed with the league.
That business is expected to be finished Wednesday.
The 49ers will receive the Chiefs' second-round pick, 34th overall, in this year's draft and a conditional pick in next year's draft, a person familiar with the terms told The Associated Press. The person spoke on condition of anonymity because the terms were not disclosed.
Kansas City also agreed Tuesday to a four-year, $16 million deal with former Dolphins tight end Anthony Fasano, a three-year, $12.6 million contract with defensive tackle Mike DeVito, and a three-year deal with former Saints backup quarterback Chase Daniel.
The moves continue what's been a busy offseason for the Chiefs under new general manager John Dorsey and coach Andy Reid. Last week, they signed wide receiver Dwayne Bowe to a five-year, $54 million deal, punter Dustin Colquitt to a five-year, $18.75 million deal, and placed the franchise tag on left tackle Branden Albert, promising him $9.83 million for the 2013 season.
Dorsey and Reid were not available to comment on Tuesday's moves.
"Part of this movement was from a philosophical belief that has been ingrained in me," Dorsey told AP in an interview last week, when asked about how quickly he's hit the ground running.
"Winning organizations," he said, "do moves like this."
Under the three-year contract he signed last March, Smith is guaranteed $8.5 million for the 2013 season, though it's possible the Chiefs will attempt to sign him to a new deal.
The Chiefs' big spending was made possible by carving out space under the salary cap.
The new regime has released right tackle Eric Winston, wide receiver Steve Breaston and tight end Kevin Boss, and restructured the mammoth contract of defensive end Tyson Jackson. The Chiefs are also expected to release incumbent quarterback Matt Cassel in the coming days.
The poor play of Cassel, who has two years left on a six-year, $63 million deal, is one of the reasons the Chiefs went 2-14 last year and have the No. 1 pick in the NFL draft, and why the new front office targeted Smith in the days and weeks after their arrival.
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