The interior defensive lineman signed a four-year, $8 million offer sheet with the Cleveland Browns last Friday. Various media outlets, including The OBR, have reported throughout the week that it was highly unlikely that the Bengals would match the offer.
Due to the tender given to Smith, the Bengals will receive no compensation from the Browns.
"We wish Shaun well with his new opportunity. For our offseason and future planning, we have chosen to allocate our cap resources in a different direction," Bengals head coach Marvin Lewis said in a statement released by the team. The statement confirms reports that the Bengals did not have the cap space to match the Browns' offer.
The Browns view Smith as a potential replacement for aging nose tackle Ted Washington.
Also today, the Browns announced the signing of Robaire Smith.
The signing, first reported by Scout.com's Adam Caplan late Wednesday night, continues an offseason of revamping both sides of the line and is believed to be a four-year contract worth $12 million.