Updated: 8/31/2014 7:02 pm
Kansas City, MO (SportsNetwork.com) - The Kansas City Chiefs signed quarterback Alex Smith to a long-term contract on Sunday.
Terms of the contract were not disclosed by the club, but the Kansas City Star reported that the four-year contract extension is worth roughly $17 million per year and includes $45 million in guaranteed money.
"It was a priority of ours to get this deal done and keep Alex in a Chiefs uniform long-term," Chiefs general manager John Dorsey said. "Alex is a proven leader on and off the field. He is a special individual with a lot of ability, and we are fortunate to have him here."
Smith had one year left on a contract that was set to pay him $7.5 million this season.
"John and his staff along with Tom and his group have worked hard to get this deal done. They've done a nice job," Chiefs coach Andy Reid said. "Alex is a smart, talented football player that has adapted well to our offensive scheme. He also, obviously, has had a tremendous amount of success as a quarterback in this league. We as a team are very happy to have Alex as our quarterback moving forward."
Smith threw for a career-best 3,313 yards with 23 touchdowns and only seven interceptions last season, his first with the Chiefs. He joined the Chiefs via trade with the 49ers on March 12, 2013.
Entering his 10th NFL season, Smith has played in 95 games (90 starts), completing 1,598-of-2,685 passes for 17,593 yards with 104 touchdowns and 70 interceptions. He has also carried the ball 288 times for 1,192 yards with five scores.
The Utah product was the first overall pick by the 49ers in the 2005 NFL Draft.