NFL Rumors: Extension talks between Kansas City Chiefs, Alex Smith moving slowly

Jan 4, 2014; Indianapolis, IN, USA; Kansas City Chiefs quarterback Alex Smith (11) on the sidelines during the second quarter of the 2013 AFC wild card playoff football game against the Indianapolis Colts at Lucas Oil Stadium. Mandatory Credit: Andrew Weber-USA TODAY Sports /

On Monday, it was reported that the Kansas City Chiefs and representatives for quarterback Alex Smith had begun working on a contract extension.

According to Mike Florio of Pro Football Talk, the talks are moving very slowly.

"But a source with knowledge of the situation tells PFT that the discussions are moving very, very slowly.The discussions could, and likely will, pick up after the draft. If/when an agreement is reached, look for the deal to have a value in the neighborhood of $14 million to $17 million per year. Which would be a very good contract for a guy who was the first pick in the 2005 draft and who was at times regarded as being a borderline bust."

Smith was traded from the San Francisco 49ers to the Chiefs last year after losing his job to Colin Kaepernick. He led the Chiefs to the postseason, completing 308 of 508 passes for 3,313 yards with 23 touchdowns and seven interceptions.

Smith will make $7.5 million next season and then can become a free agent in 2015.

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