The Kansas City Chiefs have completed a trade with the San Francisco 49ers for quarterback Alex Smith.
The deal will become official on March 12, per Fox Sports' Jay Glazer, who broke the news on Twitter.
According to ESPN's Adam Schefter, the Chiefs will give the 49ers their second-round pick in this year's draft, along with "another conditional mid-round pick in 2014."
(ProFotballTalk.com later reported that the "mid-round pick" would start as a third-rounder which can become a second-rounder if "certain benchmarks are met.")
Time to grade this trade from both angles.