By the time you finish reading this, Trey Smith might be signing on the dotted line.
The National Football League has instituted a July 15 deadline for teams who applied a franchise tag on a player to reach a long-term contract extension. If no such deal is reached, the financial terms of the tag are cemented for the year ahead.
For the Chiefs, this would make Trey Smith's deal an official one-year deal worth approximately $23.4 million. That's undesirable for a few reasons, but the primary one being that such a massive cap hit hinders flexibility in case of roster issues that arise during the season.