According to Yahoo! Sports and other sources, the deal that will take Alex Smith of ouf San Francisco has been completed. Jason La Canfora of the NFL Network stated via Twitter that the 49ers completed negotiations with an unnamed team.
Gregg Rosenthal of NFL.com says that the team is the Kansas City Chiefs.
"Everywhere I go in Indianapolis, I hear someone say that the Alex Smith-to-Kansas City Chiefs deal is all but done. (Now CBS is reporting a deal is "effectively done" for Smith, but won't name the team.) Jacksonville Jaguars general manager Dave Caldwell said it's "not us" who has a deal in place in a text to the Florida Times-Union. NFL.com's Albert Breer reported a high-ranking San Francisco 49ers source says he's not aware of a deal being done. NFL.com's Ian Rapoport says the Chiefs have shown the most interest"
The Chiefs have expressed a great amount of interest over Smith and were the team that most people thought would wrap Smith up. We won't know 100% until the new season actually starts on March 12th, but it looks like Alex Smith is going to be a Chief in 2013.
Smith is still on a contract with the Niners going through 2014 worth $7.5 million. Smith was replaced by Colin Kaepernick after suffering a concussion in a Week 10 matchup against the St. Louis Rams.