Star just reported that CBS was wrong, and there is no extension offer. Source: No contract extension for Chiefs’ Pioli -

I still want to have faith in Hunt. He understands business. I don't believe he's just in it to make more money and screw the chiefs and their fans. He made a bad decision, which at the time would have been hard to see, since SP looked like a great personnel guy. I think he'll make some good decisions after this mess.