Alex Smith trade: 49ers reach deal with Chiefs, according to report

The San Francisco 49ers have agreed to trade quarterback Alex Smith to the Kansas City Chiefs, according to FOX Sports' Jay Glazer.

The deal is in place, but can't be official until March. Glazer said the "compensation (is) unclear but I'm told again Chiefs have made a clear commitment to Smith."

Subsequent reports have pegged the compensation as involving a second-round pick and possible two.

Colleague @rapsheet says there's a 2 in the deal. The Mercury-News' @timkawakami has it as a 2 this year and a similar pick next year.

— Albert Breer (@AlbertBreer) February 27, 2013

The Chiefs have been the favorites for Smith since trade talk began. The Arizona Cardinals were reportedly interested in the quarterback out of Utah, but the 49ers didn't want to trade him to a division rival.

Matt Barrows of the Sacramento Bee reported Wednesday that the compensation for Smith could be a high fourth-round pick in this year's NFL Draft. But Barrows noted that "the question now is whether another team comes forward with a better offer."

Smith broke out in 2011, his sixth season in the league. He led the 49ers to a 13-3 record and a trip to the NFC Championship game. He completed 61 percent of his passes for 3,144 yards and 17 touchdowns.

But in 2012, Smith was injured and never earned his job back. Before he sat in favor of Colin Kaepernick, Smith led the 49ers to a 6-2-1 record. He completed 70.2 percent of his passes for 1,737 yards and 13 touchdowns.

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