Details Emerge Of The Chiefs-Redskins Trade Involving QB Alex Smith

(David Eulitt/Kansas City Star/TNS via Getty Images)

On Tuesday night, it was reported that the Washington Redskins were acquiring Chiefs quarterback Alex Smith in a blockbuster trade.

The trade can’t be executed until the 2018-19 league year begins but the details of the trade are beginning to emerge.

According to ESPN’s Adam Schefter, the Chiefs are receiving a third round pick and a player that will be named for Smith:

In addition to trading a draft pick and player for Alex Smith, the Redskins are also set to give him a massive contract extension worth north of $23 million a year, including $70 million in guarantees:

Kirk Cousins, on the other hand, will be a free agent in March and will get paid.