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Chiefs trade Alex Smith to Washington, saving $15.6 million

Quarterback Alex Smith has a new home, as sources tell The Star that the Chiefs have reached agreement to trade their veteran starter of the last five seasons to Washington.

The Chiefs will receive a 2018 third-round pick and promising young cornerback Kendall Fuller in exchange, a source confirmed, though any trade involving Smith can’t be completed until the first day of the new league year, which begins at 3 p.m. on March 14. But the sources say the deal is in place and will definitely proceed.

Fuller, 22, was a third-round pick for Washington in 2016.