Alex Smith had roster bonuses due. If we were going to take him, we had to before those bonuses kicked in... and had a chance to fully evaluate the QB's in the draft class. We have too good of a team in place to not hedge our bets with Alex.
If Geno grades out... I think we take him.
Even though we already had the #1 overall pick, a 1st/2nd/and a conditional is not too much money to invest in the most important position on the football team.
Many teams have spent far more than that.
My expectations are what Keg outlined at that point.