The Facts: According to ESPN's Adam Schefter, the Eagles have agree to terms with Smith on a one-year contract.

Diehards Line:Smith had hoped to return to the Giants, but after meeting with them over the last two days it seemed as if health concerns kept the team from working on his return with any sense of urgency. As a result, a division rival took a shot. The big question of course, is when Smith will be ready to return from the microfracture surgery he's still recovering from. Giants HC Tom Coughlin told reporters earlier that Smith has a "long haul." According to New York Daily News staffer Ralph Vacchiano, the earliest Smith could be ready is midseason and it is looking like he could miss all of 2011. It sounds like the Eagles are in a position to take the longer-term approach.