Current 53 Man Roster after cuts before IRs and (re-)signings

They likely want both, but cutting Smith is "safer" since there is no waiver wire for him to pass in order to re-sign him tomorrow. They can have a handshake deal in place to sign him after IR designations are made. They can't do that if they waive Baun because he could be forced to sign with another squad via the waiver wire.
If all of that is true ( no reason why you'd post without knowing) then it makes a ton of sense! No waiver for Smith and keep a loaded LB corps! Overall? Being a Homer and all? I believe we have a TEAM which could surely WIN 12 games ~! Win The NFC South and compete for NFC Championship and perhaps? GEAUX all the WAY~! ( no major injuries or League interference , of course....)