I like the Bray signing.
I think it's fair to say that no QB in this draft was projected to be a starter right from day one (there were certainly no Luck's or RG3's this year).
For that reason, I was fine with the Chiefs signing an undrafted free agent QB who has just as much 'potential' as any QB in this draft, rather than spending a high pick on a QB just so we can say we did.
Tyler Bray has a very high ceiling, but he also has major 'bust' potential. So what's the difference between him and the few other QB's taken in the first few rounds? In terms of a ceiling, not much. But obviously the floor is a lot lower on Bray than Smith or Manuel. But who cares? Isn't the goal to get an ELITE QB? If Smith or Manuel bust, you could end up with another "game-manager" QB, at best. Why is that significant? Well, I think most everyone on here has made it pretty clear how they feel about a "game-manager" QB. We DON'T want one!
So, logically, you would take the guy(s) with the highest reward potential while minimizing your risk (i.e. late round QB, undrafted FA). And that is EXACTLY what THIS draft was! There were no winning lottery tickets in this draft. Is it going to be like that in every draft? No, definitely not. But the Chiefs minimized their risk, while maximizing their potential.