Smith, whose rights were acquired in a draft-night trade with Suns, will receive approximately $2.6MM in his first season.
The 6’5” swingman was selected No. 16 overall after playing one season at Texas Tech, where he averaged 11.3 PPG, 5.0 RPG, 1.8 APG, 1.1 BPG and 1.1 SPG in 28.4 MPG.
Smith is unlikely to receive significant playing time in his first season for one of the Eastern Conference’s top clubs. He will play on the Sixers’ summer league team.