The Kansas City Chiefs traded quarterback Alex Smith to the Washington Redskins on Tuesday night.
The news was first reported by Terez Paylor of the Kansas City Star.
The trade cannot be officially completed until the new league year begins at 3 p.m. on March 14th.
The 12-year veteran finished the 2017 season with 4,042 yards and 26 touchdowns, both career highs. He threw just five interceptions in 505 attempts. The Chiefs lost in the Wild Card round to the Tennessee Titans.
Smith spent five seasons with the Chiefs after playing in San Francisco from 2005 to 2012. He lost his starting job to Colin Kaepernick, who led the 49ers to Super Bowl XLVII with Smith as his back-up.
Smith is due $14.5 million in 2018 and will become an unrestricted free agent following the season.
This move comes as current Washington quarterback Kirk Cousins is expected to leave in free agency. Washington has placed the franchise tender on Cousins before each of the past two seasons. With Smith on his way, Cousins’ departure is all but guaranteed.
It is expected that the Chiefs will start 2017 first-round pick Patrick Mahomes.
UPDATE 11:00 pm.
Smith and the Redskins have agreed to a four year, $94 million contract extension.