Sources: Jabari Smith Set to Sign $122 Million Extension with Rockets

Smith’s New Deal

In a significant move for the Houston Rockets, forward Jabari Smith Jr. is poised to finalize a five-year, $122 million rookie contract extension, as reported by sources to ESPN. The agreement, which guarantees his salary through the 2030-31 season, reflects the franchise’s confidence in Smith, who was the No. 3 overall pick in the 2022 NBA draft.

Rising Star

This past season, Smith emerged as a key player within a young Rockets lineup that made waves, securing the No. 2 seed in the Western Conference and marking their first trip to the playoffs in five years. Despite facing challenges, including a broken left hand that hampered his season, Smith managed to average 12.2 points and 7.0 rebounds per game.

Though he has experienced ups and downs with his three-point shooting, he demonstrated his potential during the playoffs, hitting an impressive 45.5% of his attempts from beyond the arc. Notably, he stands out as the only player from the 2022 draft class to reach 2,500 points and 1,500 rebounds, underscoring his impact on the court, according to ESPN Research.

Busy Offseason for the Rockets

This contract extension comes amidst a flurry of activity for the Rockets this offseason, which has been marked by the high-profile trade for Kevin Durant. Throughout those negotiations, the Rockets steadfastly refused to allow Smith to be included in the deal, signaling their commitment to building around him for the future. Additionally, the team has secured agreements to keep other key players such as Fred VanVleet, Jae’Sean Tate, Aaron Holiday, and Jeff Green, while also extending contracts for coach Ime Udoka and Steven Adams.

Context & Analysis

The Rockets are clearly positioning themselves for a competitive future, with Smith at the center of their plans. This extension not only secures a promising young talent but also indicates a strategic focus on maintaining a strong core as they aim to return to playoff contention.