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KANSAS CITY, Mo. — The Kansas City Chiefs have reportedly traded quarterback Alex Smith to the Washington Redskins, reports say.

According to the Kansas City Star, there is no word on details of the trade so far, and a trade can’t be completed until the first day of the new league year, March 14.

Smith had one season left on his contract with the Chiefs. ESPN’s Adam Schefter reports Smith and Washington have agreed to a four-year contract extension worth more than $23 million per year, meaning Smith would be with the Redskins for the next five seasons.

Schefter reports Kansas City will receive a second-round draft pick. Multiple sources say the Chiefs will also get a third round pick this year and a player – Redskins cornerback Kendall Fuller. Fuller was rated the best defensive player for the Redskins last year and will man the corner opposite Marcus Peters next season.

Fuller tweeted late Monday that he cannot wait to get to Kansas City.

“I’m excited to be a Chief,” he added.

The deal saves the Chiefs $17 million in cap space – money they can spend on bringing in other players.

Smith, 33, is coming off a season with career-highs in passing yards, touchdowns and passer rating. He will take over for free agent quarterback Kirk Cousins.