The San Francisco 49ers have agreed to trade Alex Smith to the Kansas City Chiefs according to a report that is now being confirmed by multiple media outlets, including those in San Francisco. The Chiefs were believed to be the leaders in the clubhouse for a while now and it appears that was the case.

The next question is what kind of compensation the deal involves. It's still not completely clear but my first reaction to the report below is not a good one.

NFL source confirms the @jayglazer report that it's KC and I can add details of what the 49ers are likely to get in return...

— Tim Kawakami (@timkawakami) February 27, 2013

An NFL source says that the framework of the deal is that the 49ers will get a No. 2 pick this year and a similar pick in the 2014 draft.

— Tim Kawakami (@timkawakami) February 27, 2013

That's a larger package to the 49ers than most expected--probably indicative of Alex Smith telling KC he's committed to being there.

— Tim Kawakami (@timkawakami) February 27, 2013

One NFL source stressed that it's not March 12, suggesting 49ers are waiting for a possible topper. But I doubt anything better's out there.

— Tim Kawakami (@timkawakami) February 27, 2013

This is a significantly larger package than most people thought. One report on Wednesday morning from the Sacramento Bee had the "scuttlebutt" as a high fourth round pick, which is why I'm so surprised by this package. It seems awfully high, much higher than what the media reports would've had you believe.

That last tweet is also important. It's not March 12. The deal is not official, even if it has been agreed upon. Sorta like the time Andy Reid was the Cardinals head coach.

Update: Schefter adds "conditional mid round pick:

Chiefs will trade second-round pick this year - the top pick in second round - as well as another conditional mid-round pick in 2014.

— Adam Schefter (@AdamSchefter) February 27, 2013

Keep reading:

The case AGAINST Alex Smith

The case FOR Alex Smith

Everything we know about the Alex Smith trade