Wed 8/10/11 6:53 PM

Eagles signed WR Steve Smith, formerly of the Giants, to a one-year contract. Prevailing opinion had Smith likely to re-sign with the Giants, but their team doctors determined that his surgically repaired knee was too much of a medical risk. The Eagles' doctors are more optimistic, according to CSN Philly's Reuben Frank, and believe Smith could return at midseason. It's still not a great landing spot for fantasy value. A likely hobbled Smith won't beat out Jason Avant for the Eagles' slot receiver job, and he remains likely to open the season on the PUP list. Smith isn't worth a pick in fantasy drafts.