Alex Smith, Kansas City Chiefs agree to 4-year, $68 million contract extension, according to KC Star

Joel Thorman
SB Nation

Alex Smith had one year remaining on his contract before the 4-year extension.

Terez Paylor of the Kansas City Star has the big scoop: Alex Smith and the Kansas City Chiefs have agreed to a 4-year contract extension worth $68 million. The deal includes $45 million in guarantees.

This comes out to $17 million per year on the extension, right around the numbers folks were talking about. The entire key here is how it's structured. If this is a 4-year extension on top of his current contract which had one year remaining, this would keep Smith under contract through the 2018 season.

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