(NEW YORK) -- The Kansas City Chiefs have apparently found their quarterback of the future, signing Alex Smith to a four-year contract extension. Multiple media reports say the deal is worth approximately $68 million.
Smith was acquired last season in a trade with San Francisco for a third round pick in 2013 and 2014. The extension will keep the signal caller in Kansas City through the 2018 season as he still has one year remaining on his current contract.
"It was a priority of ours to get this deal done and keep Alex in a Chiefs uniform long-term," Kansas City general manager John Dorsey said in a statement. "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."
The 30-year-old posted one of the best seasons of his career last season, throwing for 23 touchdowns and a career-high 3,313 passing yards. In his first season with the Chiefs, Smith helped the team to an 11-4 record and a spot in the playoffs.
Copyright 2014 ABC News Radio