CONFIRMED DEAL: Rising Star Jabari Smith Jr. Signs Massive $122 Million Contract Extension with Houston Rockets, Secures Future as Team’s Franchise Cornerstone..

The new deal, which spans several years, is a clear statement from both Smith and the Rockets that they are all-in on building around the 21-year-old forward, who has quickly developed into one of the league’s most promising young talents. Since being drafted 3rd overall in the 2022 NBA Draft, Smith has steadily improved each season, showcasing a unique blend of length, shooting, and defensive versatility.

Rockets General Manager Rafael Stone praised Smith in a brief press conference: “Jabari represents everything we want in a Houston Rockets player — work ethic, leadership, and an elite competitive edge. This extension is well-deserved, and we are excited to continue building around him.”

Smith averaged career highs across the board last season, including over 17 points and 8 rebounds per game, while making significant strides as a perimeter defender. His improved three-point shooting and increased physical presence in the paint have made him a vital piece in head coach Ime Udoka’s evolving system.

“This is just the beginning,” Smith said following the announcement. “I believe in what we’re building here in Houston. I want to win championships with this team and this city.”

The Rockets, coming off a promising but still developmental season, are looking to make a leap into playoff contention. With other key pieces like Jalen Green, Amen Thompson, and veteran leadership around him, Smith’s extension is a signal that the front office is ready to bet big on its young core.

As free agency shakes up the NBA elsewhere, the Rockets’ internal move shows a commitment to continuity, development, and long-term success.

Jabari Smith Jr. is staying in H-Town — and the future is officially in motion.