RUMOR: Alex Smith deal nearly done

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According to CBS Sports’ Jason La Canfora, the 49ers have a trade nearly done with Alex Smith heading to an unnamed team.

According to former Chiefs GM Scott Pioli, he says the 49ers could of gotten pick 34 or 63 from the Chiefs. Which would give the 49ers 5 of first 93 picks.

Also just in, Jaguars GM Dave Caldwell has tweeted that the team that is not named is NOT the Jaguars.

Move will save between $7.5 million and $9.75 million in cap room, but the 49ers need to get under the cap before a trade can be done.

More to come.