The Nets waived Smith on Wednesday.
Smith was unable to make the Nets' final roster. However, the guard will likely join the G League's Long Island Nets for the new season.
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Nets' Malachi Smith: Signed by Nets
Rotowire
The Nets signed Smith to a contract on Tuesday, Erik Slater of ClutchPoints.com reports.
This is likely an Exhibit 10 deal for the former Memphis Hustle standout. Smith is expected to end up with the Long Island Nets in the G League.
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Trail Blazers' Malachi Smith: Snares Exhibit 10 deal with Blazers
Rotowire
Smith signed an Exhibit 10 contract with the Trail Blazers on Friday, Shams Charania of The Athletic reports.
An undrafted free agent, Smith will take his chance in Portland and will attempt to impress the front office enough in camp to lay claim to one of the team's two two-way contracts. Smith compiled 8.7 points, 3.7 boards, 1.4 assists and 0.9 steals over 20.8 minutes per game in his lone season with Gonzaga in 2022-23.