Smith will be one of the best cornerbacks in the 2016 free agent class unless he gets tagged. It is unlikely that they tag Smith, as they will have to re-sign or tag Eric Berry, Derrick Johnson, Tamba Hali, and Charcandrick West.
Smith's career has been split between his time with the Miami Dolphins and his time with the Kansas City Chiefs. During his stint with the Dolphins, Smith recorded 211 tackles, 40 pass defenses, five nterceptions, and three forced fumbles while playing in 63 out of 64 possible games. In his time with the Chiefs, Smith has played in 45 out of 48 games recording, 142 tackles, 41 pass defenses, five nterceptions, and a defensive touchdown.
At 28 Smith is a veteran cover cornerback and has a lot of intangibles that will make him an enticing player on the open market. Smith is one of the most productive corners hitting free agency and this should garner him some serious money as he enters what could be his final contract of his career. There are plenty of teams with a serious need at cornerback but only a few with enough cap room to pick up a player of Smith's caliber.
The Chicago Bears, Oakland Raiders, Tampa Bay Buccaneers, Jacksonville Jaguars, Los Angeles Rams, and New York Giants make sense as possible destinations for Smith in free agency.