Monday was the first day NFL teams could begin using the franchise or transition tag on players set to become unrestricted free agents next month.
It now appears at least one of those names is off the table. Per Armando Salguero of the Miami Herald, the Dolphins will not use the franchise tag on Smith.
Smith is looking for a large payday in free agency. The franchise tag would have guaranteed Smith approximately $10 million next season. Smith started all 16 games for the Dolphins last season. He recorded 59 tackles with two interceptions and three forced fumbles.