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Eagles sign ex-Giant Steve Smith

New York Giants v Houston Texans

HOUSTON - OCTOBER 10: Wide receiver Steve Smith #12 of the New York Giants goes up high in front of cornerback Glover Quin #29 of the Houston Texans in the first half at Reliant Stadium on October 10, 2010 in Houston, Texas. (Photo by Bob Levey/Getty Images)

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The Philadelphia Eagles aren’t done signing free agents.

Wide receiver Steve Smith, formerly of the NFC East rival New York Giants, has signed with Philadelphia, the Eagles announced.

Details of the contract haven’t been announced, but it’s reportedly a one-year deal, and the Eagles apparently didn’t have to break the bank to get Smith, who may have thought his best chance at a major payday would come from signing with a good team now and then testing free agency again in March.

The Giants were interested in bringing Smith back, but they were also concerned that it would be a long time before Smith’s injured knee was sufficiently healed that he could return any time soon.

The Eagles’ medical staff apparently checked out Smith’s knee and had a more optimistic diagnosis than the Giants’ medical staff.

If Smith can contribute, he’ll be yet another outstanding free agency addition in Philadelphia. He had a sensational season in 2009, catching 107 passes for 1,220 yards and seven touchdowns, and he was off to a very good start in 2010 before catching just one pass in the second half of the season.

If everyone is healthy and ready to go, a receiving corps of Smith, DeSean Jackson, Jeremy Maclin and Jason Avant would be one o the best in the NFL.