So there is a chance the Jets could bring Smith back after their home opener against the Cincinnati Bengals.
If the Jets suffer a injury at offensive tackle in the Bengals game, this cost cutting measure could come back to haunt them. The team will enter this game with two inexperienced backup offensive tackles - LT Adrian Jones and Marko Cavka, who are both projects. Neither one of these players seems ready for regular season action.
If Smith isn't brought back, he might be able to apply for an injury settlement, since he was waived while nursing a bicep injury. He was actually listed as "doubtful" on Thursday morning, but was taken off the list later in the day.
Either he had a fast recovery, or the team possibly wanted to prevent him from filing an injury settlement.
But this injury issue will be a moot point if he is brought back next week.