Nets Signing Malachi Smith To Two-Year Contract

According to Shams Charania of ESPN (Twitter link), the Nets and Smith have agreed to a two-year contract that will cover 2026/27 in addition to the rest of this season. While the exact terms of the deal aren’t yet known, it’s unlikely to include guaranteed money for next year.

A G League veteran who has also spent time with the Rip City Remix, Wisconsin Herd and Memphis Hustle since going undrafted out of Gonzaga in 2023, Smith spent most of this season with the Long Island Nets before being called up by Brooklyn on a 10-day deal in March.

The 6’4″ guard ended up signing a pair of 10-day deals with the Nets and has been a regular contributor off the bench in the first 10 NBA games of his career, averaging 7.3 points, 2.1 rebounds, and 2.0 assists in 18.2 minutes per night, with an excellent shooting line of .527/.545/1.000. The 26-year-old has made 29-of-55 shots from the floor, including 12-of-22 three-pointers.

“The mentality is leave it all on the floor,” Smith said after scoring 15 points against Atlanta on Friday (Facebook video link via YES Network) “I’m someone that has been praying for this opportunity and working for this opportunity for years, so I’m not going to take any minute for granted. I always tell myself, I don’t care if I get one minute or 10 minutes. I’m going to be able to go to sleep at night knowing I played as hard as I can, and whatever happens after that, I can live with the results.”

Although the Nets technically already have 15 players on standard contracts, one of those 15 – Tre Scott – is on a hardship 10-day deal, so Brooklyn will be able to bring back Smith without having to place anyone on waivers.

Smith, who signed a training camp contract that included a $42,650 partial guarantee and then made $73,153 on each of his two 10-day contracts, would earn a rest-of-season salary of $65,838 if he officially signs a new minimum-salary contract on Saturday, bringing his total NBA earnings this season to $254,794.

That total would dip to $247,479 (including a $58,523 rest-of-season salary) if he doesn’t re-sign until Sunday, though it could also come in higher if the Nets – who have the NBA’s lowest payroll – decide to give him more than the minimum using their remaining cap room.