Happy Wednesday, everybody. Are you ready to do this thing? We’re talking Alex Smith.

Alex Smith and the 49ers agreed to terms on a new contract Tuesday, a league source told NFL Network’s Michael Lombardi.

Given Aaron Rodgers‘ success as a starting quarterback and the fact that he led the Packers to a Super Bowl title last season, the case has often been made that the 49ers made the wrong decision in drafting Alex Smith over Rodgers with the No. 1 overall pick in 2005. Some say that’s a simplistic way of looking at things, given the circumstances surrounding both of their careers, and NFL.com reader Colin Hillsinger of Napa, Calif., used the Smith-Rodgers situation to present his theory on quarterbacks to NFL.com senior analyst Vic Carucci during his live chat Friday: “This is my theory and wanted to get your opinion on it. QBs are the most overrated and underrated position on the field. […]

It’s been a conclusion for many throughout the offseason that Alex Smith would return for a chance to win back his starting job with the 49ers under new coach Jim Harbaugh, who openly campaigned on the idea.

Is a return by Alex Smith a good move for the 49ers? NFL Network analyst Trent Green thinks so.

The rumblings that Alex Smith could end up right back where he started in San Francisco haven’t slowed down, especially in the wake of coach Jim Harbaugh‘s recent comments about the former first-overall pick.

One of the biggest questions Jim Harbaugh will have to answer as head coach of the 49ers is which direction the team takes at quarterback. Is Alex Smith in that future?

Here’s something for 49ers fans to keep tabs on as the NFL heads into an uncertain offseason: New head coach Jim Harbaugh and former starting QB Alex Smith seem to be developing a working relationship.