At one point, Smith had electrodes that had been attached to his left hamstring in his hand.
"Need to get these reattached," he said.
"I'm a pretty good mudder," Smith said. "But I'll be out there."
Reggie Roberts of the NFL office said "the field is still a little wet right now, but we think it could be fine on Sunday."
Steinbrenner, who refused to say how much his group offered or name his partners, made his announcement amid speculation the team could be sold to those planning to move the team to Baltimore.
"I'm not a white knight," Steinbrenner told a news conference. "I'm a gray-haired old man."
Steinbrenner answered carefully when asked if his group's bid would top the $205 million offered by Peter Angelos to move the team to Baltimore. Angelos is owner of the Baltimore Orioles.
"We finished ahead of the Orioles last year," Steinbrenner joked. "I don't like losing to the Orioles or to Peter, but he's a worthy competitor for this team."