Reports: Rockets reward Jabari Smith Jr. with 5-year, $122M extension

The Houston Rockets and forward Jabari Smith Jr. agreed to a five-year, $122 million extension of his rookie contract, ESPN and The Athletic reported Sunday.
Smith, 22, has averaged 13.0 points and 7.5 rebounds across three NBA seasons since the Rockets selected him third overall in the 2022 draft. He put up 12.2 points and 7.0 rebounds per game over 57 games (39 starts) in 2024-25.
Smith helped the Rockets earn the No. 2 seed in the Western Conference playoffs, though Houston then lost a seven-game series to the Golden State Warriors in the first round.
The Rockets responded by making a blockbuster trade to acquire Kevin Durant from the Phoenix Suns. Durant joins a Houston core that includes Smith, Alperen Sengun, Amen Thompson and Fred VanVleet, with VanVleet reported to receive a two-year, $50 million contract to remain with the Rockets