And when news spread over the weekend that the Chiefs brass weren't all that enamored with the interview process of the quarterbacks (including West Virgina's Geno Smith), at the NFL Combines, talks heated up between the 49ers and the Chiefs to acquire veteran quarterback, Alex Smith. And that's what they accomplished on Wednesday morning.
On the heels of this trade today (first reported by Fox Sports.Com's Jay Glazer), it won't be official until March 12th. In order to get this deal done, the Chiefs had to negotiate a new contract with Smith to get this deal closed. From our spies, the deal could give Smith roughly $10 million annually over the next three seasons in Kansas City.
In that light, we're told the Chiefs will cut Matt Cassel sometime in the next two weeks. And in doing so, the Chiefs will save nearly $5.875 million in 2013. Had Cassel remained on the 2013 roster the Chiefs would have owed him $9.825 million.
This isn't the first time the Chiefs and 49ers have traded for quarterbacks. In the 90's they landed Joe Montana and Steve Bono.
Still, for those fans that don't like this deal, this trade shouldn't be a big surprise. We reported the likelihood of this move back in January shortly after Reid signed on to become the next head coach of the Chiefs. But what's interesting, in what we learned about the likely trade between the 49ers and Cheifs, Kansas City may still be in trade talks with the Philadelphia Eagles for back-up quarterback, Nick Foles.
As we said over the weekend, the Chiefs (who we're told are ecstatic this deal is done), believe Smith can lead them now and that Foles, should they acquire him at a later date, will give Kansas City the young quarterback that they can develop into a starter down the road. I'm told, as of this writing, they prefer this route versus drafting a young quarterback in April.
Still now that the price has been set for trading quarterbacks the Eagles might want more draft value for Foles and could start talking to other teams now that Smith has landed in Kansas City.
As far as compensation on this trade, ESPN's Adam Schefter, is reporting the Chiefs are giving up a 2013 second round pick and a conditional mid-level 2014 pick. If that's the case, we're told the Chiefs may get that second round pick back based on the fact three NFL teams are clamoring to acquire the first overall pick in April's draft.
For more on this trade and any other moves the Chiefs might be considering, stay tuned to Warpaint Illustrated.com.
WARPAINT ILLUSTRATED MESSAGE BOARDS:
Why don't you like the Alex Smith deal Chiefs fans?
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