Smith was waived by Brooklyn on Friday, Erik Slater of ClutchPoints.com reports.
Smith spent most of his career in the G League before appearing in 15 regular-season games for the Nets during the 2025-26 campaign. The 26-year-old was mostly unproductive throughout his time in Brooklyn, though he did average 12.3 points, 6.5 assists, 6.5 rebounds and 0.3 steals while shooting 40.0 percent from deep in four starts. Smith could end up back in the G League at some point. However, he has a ways to go before earning a consistent role with any club.
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Nets' Malachi Smith: Team option exercised
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The Nets exercised Smith's team option Monday, Michael Scotto of USA Today reports.
The option is worth $2.15 million, but it is not guaranteed money. During the 2025-26 regular season, Smith averaged 8.3 points, 3.4 rebounds and 3.3 assists per game.
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Nets' Malachi Smith: Scores eight points in loss
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Smith ended with eight points (3-9 FG, 2-6 3Pt), five rebounds and six assists in 36 minutes during Sunday's 136-101 loss to the Raptors.
Smith, who earned a two-year contract with the Nets after impressing on a couple of 10-day deals, was used quite heavily down the stretch due to injuries. He ended up with 15 regular-season appearances under his belt to go with averages of 8.3 points, 3.4 rebounds, 3.3 assists, 0.8 steals and 1.3 three-pointers on 48.5 percent shooting from the field. He'll have some decent momentum heading into training camp in September.
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Nets' Malachi Smith: Flirts with triple-double
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Smith finished Friday's 125-108 loss to Milwaukee with 19 points (7-11 FG, 5-7 3Pt), eight rebounds and 10 assists over 43 minutes.
The Nets are digging deep for healthy bodies at this point, and Smith has logged at least 37 minutes in three consecutive games. Smith registered his first career double-double Friday, and Brooklyn may need him to take on one more massive workload in Sunday's regular-season finale against the Raptors.
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Nets' Malachi Smith: Starting Tuesday
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Smith will start Tuesday versus Milwaukee, C.J. Holmes of the New York Daily News reports.
Smith will replace Jalen Wilson in the first unit for Tuesday's game, and this will be Smith's first start of the season. Per 36 minutes, Smith is averaging 13.3 points, 4.4 rebounds, 4.1 assists, 2.1 triples and 2.0 steals per contest.
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Nets' Malachi Smith: Stays in Brooklyn on two-year deal
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Smith agreed Saturday with the Nets on a two-year contract, Shams Charania of ESPN reports.
Smith had previously signed a pair of 10-day deals with Brooklyn, but with the latter contract expiring Saturday, the Nets needed to sign him for the rest of the season in order to retain him. The 26-year-old has averaged 7.3 points, 2.1 rebounds, 2.0 assists and 1.0 steals in 18.2 minutes per game in 10 appearances for the Nets and should be a regular presence in the rotation over the team's final five games.
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Nets' Malachi Smith: Returns from G League
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The Nets recalled Smith from the G League's Long Island Nets on Thursday.
Smith joined Long Island for its first-round playoff matchup with the Osceola Magic, finishing with 29 points (10-20 FG, 3-7 3Pt, 3-3 FT), six rebounds, four assists and two steals across 39 minutes in a 119-117 loss. With the loss spelling an end to Long Island's playoff run, Smith and the Nets' three two-way players -- Chaney Johnson, Tyson Etienne and E.J. Liddell -- are all set to rejoin the parent club ahead of Friday's game against the Hawks. After signing a second 10-day deal with Brooklyn last Wednesday, Smith's contract will expire following Friday's contest.
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Nets' Malachi Smith: Puts up season-high 18 points
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Smith ended Sunday's 126-122 loss to the Kings with 18 points (7-9 FG, 3-4 3Pt, 1-1 FT), two rebounds, four assists and three steals in 29 minutes.
It was Smith's finest effort since joining the Nets on a 10-day contract last week. Over five appearances for Brooklyn, the 26-year-old has averaged 6.4 points, 2.6 assists, 2.2 rebounds and 1.0 steals in 18.6 minutes per game while shooting 50.0 percent from the field. It remains to be seen if Smith has played well enough to earn another deal with the Nets.
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Malachi Smith: Waived by Brooklyn
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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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Trail Blazers' Malachi Smith: Snares Exhibit 10 deal with Blazers
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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.
