Rapoport, citing people informed of the situation, reported late Monday that the 49ers will wait until the last minute to make a call, but it's appearing unlikely they will pick up Smith's option. The 49ers want to gather as much information as possible on Smith, and it's unlikely they will have enough facts to commit long-term by the deadline. It is more likely that the Niners let Smith play out the 2014 season and take it from there.