The Chiefs will receive a 2018 third-round pick and a player to be named on Wednesday, a source confirmed, though any trade involving Smith can’t be completed until the first day of the new league year, which begins at 3 p.m. on March 14. But the sources say the deal is in place and will definitely proceed.
Smith, 33, is coming off a stellar season in which he set career-highs in passing yards (4,042), touchdowns (26) and passer rating (104.7), throwing just five interceptions.
Related players: Kirk Cousins
The change in teams will force Smith to learn a new offense and develop a rapport with a new set of receivers, though he should remain a good value on draft day. Kirk Cousins will hit free agency as the best free agent quarterback since 2012, when Peyton Manning was signed by the Broncos.