The Saints waived Smith (undisclosed) from injured reserve Thursday after reaching an injury settlement, Aaron Wilson of KPRC 2 Houston reports.
Smith was set to miss the entire 2024 season after reverting to IR, but he'll now be free to sign with a team once he's fully recovered from his injury. Smith has played in 13 regular-season games since being selected by the Giants in the fourth round of the 2021 NFL Draft, accruing 11 tackles (three solo) and one forced fumble over that span.