The Kansas City Chiefs are in a situation with a new head coach in Andy Reid. The Chiefs will not be rebuilding this year. They will be building onto the team they already have, by adding a franchise quarterback.
I think if Kansas City is to select a quarterback, it won't be with the first overall pick, but the likelier thing is Andy Reid will acquire a free agent quarterback, most likely being Alex Smith. Alex Smith, because they are reports out there that the Eagles have interest in him, and Alex Smith is a west coast quarterback, the kind that Reid likes.
The Chiefs' defense was really missing Brandon Carr, who left for Dallas during free agency. The Chiefs might trade back in the draft and try to get Jonathan Banks, Desmond Trufant or the top corner in the class in Dee Milliner. As we've seen in Philadelphia, Reid really liked his corners.
With the new CBA, trading in the NFL draft has seemed to be at its highest in decades. If Kansas City stays put at number one, Luke Joeckel is likely pick. Joeckel is the top rated player in the draft. Ever since Andy Reid started in Philly, he has never been able to hold down a franchise offensive lineman. I think he's finally has found his guy.
Kansas City could also trade with the Rams, being that St. Louis has two first rounders. Another situation could be that Kansas City trades down in the first round, take a player, then uses their second round pick to trade back up to the first round.
Right now the Chiefs are in a great spot with all their options, but if they don't choose one, they'll be out of contention for the next five years.