NEW YORK (WFAN/AP) — First, the Eagles shocked Jets fans and signed coveted free agent cornerback Nnamdi Asomugha. On Wednesday, Philadelphia surprisingly signed former Giants wide receiver Steve Smith when all signs pointed to a Big Blue return.

Smith’s deal is for one-year, $4 million, $2 million guaranteed.

The 26-year-old Smith had 220 catches for 2,386 yards and 11 touchdowns in four seasons with the Giants. In his 2009 Pro Bowl season, he caught a franchise-record 107 passes for 1,220 yards and seven touchdowns.

Smith sustained a season-ending left knee injury in the Giants’ win over the Vikings at Ford Field in Detroit on Dec. 13 and had microfracture surgery eight days later.

Dottino: Former Giants WR Steve Smith Flies South

“Yes, I get it, Steve Smith might miss week one, week two, week three, week four,” WFAN’s Craig Carton said on Thursday morning. “But the mere fact that you’ve got the guy at the Timex Center for two days (and he goes to the rival Eagles), it’s embarrassing.”

Smith said Wednesday night he believes he’ll be able to play soon.

“I think I’m pretty close,” Smith said. “I think I can realistically be out there (the first month). It could be week one. You never know.”

Giants coach Tom Coughlin told reporters Wednesday after meeting with Smith that he believed Smith faced a “long haul” before he could play again.

“I would disagree with that,” Smith said. “I feel good. I’ve been running, cutting, doing different things. I haven’t had any setbacks.”

Smith said he was examined by doctors from both the Giants and Eagles and said both gave him a positive report.

Asked why Coughlin might have indicated that Smith faced a longer rehab than Smith’s doctors expressed to him, Smith said, “Maybe Coughlin had a plan up his sleeve when he said that. We’ll see what happens when I get out on the field.”

Smith said he believes the real reason the Giants didn’t want him was financial.

“Yeah, shoot,” he said.

Smith said he couldn’t speculate exactly when he’ll be able to return to practice.

“I’m not sure,” he said. “If it was up to me, I would say I could go practice tomorrow, but I want to be extra careful and don’t want to rush it and have any setbacks. Hopefully, I’ll be able to get out there really soon.”

Smith enters a crowded wide receiving field with the Eagles, who also have two-time Pro Bowl pick DeSean Jackson; Jeremy Maclin, who caught 70 passes last year but hasn’t practiced yet this training camp because of an undisclosed illness; Jason Avant, who caught 50 passes last year; and second-year pro Riley Cooper.

“We feel very good about our current group of receivers and Steve adds another dimension to that position,” Eagles coach Andy Reid said. “He’s played very well against us in the past few years and we’re happy to have him on board.”

Although Smith was almost exclusively an inside slot receiver in his four years with the Giants, Smith said he’s equally comfortable in any role.

“I feel great inside, outside,” he said. “The Giants used me mainly inside, but I feel like I can do both.”

Smith is the sixth Pro Bowl player to join the Eagles in last two weeks, following cornerbacks Dominique Rodgers-Cromartie and Asomugha, defensive end Jason Babin, quarterback Vince Young and running back Ronnie Brown.

“(General Manager) Howie Roseman and I are always keeping our eyes open for good football players and players that we think can help our football team win,” Reid said. “And Steve Smith certainly fits that category. He’s a Pro Bowl-quality receiver that we will work into our offense as soon as he is ready to go.”

Did the Giants whiff big time on Smith? Sound off in the comments below…

(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

Comments (7)
  1. lydiass says:

    Not sure if Reese is over his head. But, this offseason has been dismal . With the way O’Hara and Seubert were dismissed was classless., not the Our wideouts are sufficent Nicks will be an elite receiver .
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  2. Joe Giant says:

    The Giants and the NFL as a whole are headed for disaster. In a few years no one is going to be able to afford to go to the games. The economy is heading deeper in the toilet. The new stadium was built for one reason, to cater to the rich. All the fancy new amenities are for people with a lot of disposible income. Now the Giants are in cap trouble and can’t spend any money on impact players. How long will the seats be full when the Giants are 2-14? The real fans have been pushed out of the building. Check out how many PSL’s are already for sale.

  3. Dave B says:

    First a big wiff on a lousy stadium (with a PSL fee) then no answer to miserable special teams and lastly a very disappointing move with Steve Smith. Anyone else having doubts?

  4. Bill B says:

    I guess the price tag on the 1.1 billion dollar stadium (which isn’t worth it IMO) has the Giants penny pinching. How can this team have cap problems? Who on this receiving corps is a red zone threat? Where are the linebackers? What tight end is gonna step up? WHO ON THE D IS GONNA CATCH UP WITH AND STOP VICK??? Or Miles Austin or Desaun Jackson? The Eagles went out and filled their needs. I predict a long season for the G-Men.

  5. Rich says:

    Yeah, I am disappointed in Reese, but maybe even more so in Eli. I have been a long-standing Eli guy, but if financial concerns are a the heart of why Smith, Boss and Plax are not here, then Eli should have stepped u and offered to restructure, like his brother, like Tom Brady, like Drew. It looks like a long season.

  6. Tommy C says:

    Not sure if Reese is over his head. But, this offseason has been dismal . With the way O’Hara and Seubert were dismissed was classless., not the Our wideouts are sufficent Nicks will be an elite receiver . Tight end ???? Boss was goog not 3yr 12 Mil good., hopefully someone steps up Bear Pascoe…..Travis Beckham we’ll see.

  7. Joe Caruso says:

    The single worst off season for the Giants in the history of their organozation. Shows Reese is over his head, and the younger Mara is a shadow of his of his father.

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