Though unofficial, the first trade of the 2013 offseason has been announced.
FOX Sports' Jay Glazer reports that the 49ers and Chiefs have completed a trade for Alex Smith.
The compensation Kansas City relinquished for Smith is unclear, but Glazer notes they made a "clear commitment" to Colin Kaepernick's now-former backup.
The deal can't become official until March 12, the first day of the new league year.
While it's big news for the QB-starved Chiefs, this is a bit anticlimactic. Last Sunday, CBS' Jason La Canfora reported that the trade is "all but complete."
Nevertheless, new head coach Andy Reid gets the team an upgrade at the position, replacing the supremely ineffective Matt Cassel. It's safe to assume we can cross Geno Smith off the Chiefs' big board.
UPDATE: ESPN's Adam Schefter confirmed the trade, adding the Chiefs will trade second-round pick this year (33rd overall), as well as another conditional mid-round pick in 2014.