The Hornets exercised their third-year team option for Smith on Wednesday.
Smith sustained a left groin injury during training camp and will miss Sunday's preseason opener against the Knicks -- he will be reevaluated in one week.
Smith recorded 24 points (9-20 FG, 6-11 3Pt), six rebounds, three assists and one steal across 33 minutes during Sunday's 120-110 win over the Cavaliers.
Smith finished with 15 points (5-12 FG, 3-6 3Pt, 2-2 FT), three rebounds and two assists in 29 minutes during Friday's 131-98 loss to the Celtics.
The Hornets recalled Smith from the G League's Greensboro Swarm on Monday.
The Hornets recalled Smith from the G League's Greesboro Swarm on Thursday.
The Hornets recalled Smith from the G League's Greensboro Swarm on Wednesday.
The Hornets assigned Smith to the G League's Greensboro Swarm on Monday.
Smith racked up 12 points (4-10 FG, 3-4 3Pt, 1-1 FT) and one steal over 21 minutes during Friday's 126-106 loss to Oklahoma City.
Smith logged eight points (3-4 FG, 2-3 3Pt), two rebounds and two assists across 15 minutes during Monday's 128-125 victory over Minnesota.