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Smith (knee) was removed from the preseason PUP list Saturday, Greg Newton of ESPN.com reports.
Reports out of Carolina seemed to suggest the team was simply playing it safe with the health of its veteran wide receiver. Smith, who put together career-worst figures across the board last season, will be competing for a depth role along with Chris Hogan, Jarius Wright, Aldrick Robinson and Rashad Ross, while D.J. Moore and Curtis Samuel command the bulk of the targets.
