According to CBS Sports NFL insider Jonathan Jones, the Chiefs' star right guard is signing a four-year, $94 million extension that includes $70 million guaranteed. Smith's new AAV of $23.5 million makes him the highest-paid offensive guard in the NFL.

Here is a closer look at the Chiefs' salary-cap situation over the next three seasons following the Trey Smith contract.

Watch this video of Chiefs OL Trey Smith calling his father after signing his four-year, $94,000,000 extension with Kansas City this week.