The Facts:
GM John Dorsey told reporters on a Tuesday conference call that negotiations to extend the quarterback's contract are ongoing, per Herbie Teope of The Associated Press.
Reported by NFL.com
Fantasy Football Diehards Line:
Smith has $7.5 million and one year left on the pact he signed in 2012. Dorsey offered no timetable for a deal, but Kansas City remains pleased with what it got back from Smith during an 11-5 campaign that propelled the Chiefs into the playoffs for the first time in three seasons. Chiefs chairman Clark Hunt said last month he enjoyed watching Smith "get better as we went along" in coach Andy Reid's offense. With Kansas City's attack surging down the stretch, the quarterback averaged 237 yards per game through the air and tossed 18 touchdowns to just three picks over his final eight outings of the season, including the wild-card loss to the Indianapolis Colts. As NFL.com's Gregg Rosenthal suggests, Smith isn't going to be paid like some of the league's premier arms, but the Chiefs appear sold on keeping him around long-term.
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