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The fact that the Chiefs refuse to draft a high round QB makes extending him a lot more palatable. In my mind, it's either extend Smith, or find a new retread in a few seasons - I'll take Smith, given those options. The "draft a QB" guys are pissing into the wind - history shows it's not going to happen, even though that would be my personal preference.
So, by that logic, I say extend him.
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