Smith (knee) agreed in principle to a contract with the Giants on Friday, ESPN's Adam Schefter reports. He's expected to take a physical over the weekend and officially sign with the team Monday.
The Giants addressed the depth behind starting quarterback Eli Manning by inking journeyman Josh Johnson to a deal earlier in the day, but it now looks like Smith will be the leading contender for top backup duties. After a tumultuous four-year run with the Jets that included only three appearances over his final two seasons with the team while Ryan Fitzpatrick served as the team's primary signal-caller, Smith should face significantly less pressure to perform in joining New York's other team. Manning has been a picture of durability throughout his tenure with the Giants -- having not missed a start due to injury at any point in his career -- so it's likely that any action Smith gets this season will come in the second half of blowouts.