Because Smith was owed $8 million in 2014, the deal is actually $76 million over five seasons -- a $15.2 million annual average -- with $45 million guaranteed. If you treat Andy Dalton's Bengals deal similarly, Smith is collecting roughly $1.3 million more per year, but is still well south of Jay Cutler ($18.1 million annually) and Joe Flacco ($20.1 million) money. Even with Smith's passing limitations considered, this seems like a fair deal for both sides. The Chiefs will continue to lean heavily on running back Jamaal Charles and a talented defensive front seven to carry them in games. Smith seemed to grow as a quarterback over the course of his first season under Andy Reid, posting career highs in passing touchdowns (23) and rushing (76-431-1). He became more willing to pull the trigger on tough throws as the year progressed. Smith, 30, is a low-ceiling QB2 in fantasy leagues and will probably remain that way for the rest of his career.