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The Giants waived Smith (knee) on Friday with a failed physical designation, Art Stapleton of The Bergen Record reports.
Smith played in just nine games during 2021 before landing on injured reserve with a knee injury for the rest of the campaign. As a rookie in 2019, he caught 31 passes for 268 yards and three touchdowns across nine games, but he's registered just 21 receptions for 135 yards and zero touchdowns over the past two seasons. In a corresponding move, the Giants re-signed David Sills, who was an impending exclusive rights free agent.
