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As the Kansas City Chiefs and Los Angeles Rams work there way to completing a blockbuster trade that will send Marcus Peters to Southern California, we're starting to hear a bit more about the trade process.

The NFL's league year, in which trades can actually become official, does not start until March 14.

Earlier this week there were reports that the Chiefs were looking to trade Peters but would need a haul in return.

Peters was a first round pick (18th) by the Chiefs in 2015.

Peters thought he was ejected after that incident against the New York Jets and left the field, only to run back out - not wearing socks - when he realized he was not disqualified.

The 49ers last offseason addressed their most glaring holes in free agency allowing them some freedom in the National Football League draft. The Rams secondary just got a whole stronger, but they could be losing Trumaine Johnson to free agency. Those moves led to talks that Peters might be moved, despite the potential downgrade at the position.

The Rams drafted Johnson in the third round of the 2012 NFL Draft.

Prior to the trades, the Chiefs were only scheduled to have four picks in the upcoming draft, which would have significantly hampered new general manager Brett Veach's chances of upgrading the roster.

As for the compensation the Chiefs will receive, Ian Rapoport of NFL Network is reporting Los Angeles will ship a "package" of draft picks to Kansas City.