Alex Smith
49ers quarterback Alex Smith. (AP)

The 49ers have the framework of a deal to trade Alex Smith to the Kansas City Chiefs for a second-round pick this year and a similar pick-possibly conditional on his playing time and the Chiefs' success-in the 2014 draft, an NFL source told the Mercury News.

This follows Fox reporter Jay Glazer's report earlier today that the 49ers have agreed to a deal with the Chiefs. My source fleshed out the compensation, which is almost double the haul coming back to the 49ers than most observers expected.

Another NFL source cautioned that no deal can be official until March 12, hinting that the 49ers could wait for someone else to up the ante, but didn't deny that these talks are very far along.

And it's hard to imagine the 49ers landing a larger value than this.

The framework: The 49ers receive Kansas City's second-round pick this year (34th overall) and a high-round pick in 2014, believed to be no lower than a third-rounder with the possibility of moving up into the second round.

It's a huge deal, almost certainly indicative of Smith and his representatives telling the Chiefs that he was committed to going and staying there. Otherwise, it's unlikely the Chiefs would have been ready to give up two high draft picks to acquire him.


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