JUNE 30th, 8:04am: Smith has officially opted in, according to the RealGM transactions log.
The 32-year-old had a player option as part of a three-year, $16MM contract he signed as a free agent in 2016. He appeared in just 33 games this season, averaging 3.4 points and 1.6 rebounds in 8.6 minutes per night.
Smith’s decision pushes the Wizards above the $119MM mark in guaranteed salary for next season, dangerously close to the projected $123MM luxury tax. Washington is still waiting on a decision from Jodie Meeks, who can opt out of a $3,454,500 salary.