Chiefs will try to extend Alex Smith, per report

Alex Smith could be destined for a payday from the Chiefs.

The Chiefs plan to give quarterback Alex Smith a contract extension this offseason, according to National Football Post's Jason Cole. The nine-year veteran is entering the final year of a contract that he initially signed with the San Francisco 49ers in 2012.

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Smith led the Chiefs to an 11-5 record and a playoff berth this season, after the team acquired him in a trade from the 49ers. In his first season with Kansas City, Smith completed 60.6-percent of his passes for a career-high 3,313 passing yards, 23 touchdowns and seven interceptions. He also had a respectable 89.1 passer rating this season.

The former first-overall draft pick would be the latest in a long line of passers who have been re-signed to big contracts with their current teams. Chicago's Jay Cutler, Baltimore's Joe Flacco and Dallas' Tony Romo have signed extensions recently. Romo received a six-year, $108 million extension with $55 million in guaranteed money last March, and Flacco got a six-year $120.6 million contract with $52 million in guarantees just a few weeks earlier. Cutler is the most recent member of the club, signing a seven-year, $126 million contract on Jan. 2. His deal includes $54 million in guaranteed money.

While Smith has not put up the numbers that Romo has or won a Super Bowl like Flacco, he's compiled a 30-9-1 record over the last three seasons as a starter. He has also statistically outperformed Cutler throughout that span and is younger than the Bears quarterback.