Smith, the No. 5 all-time leading scorer in school history, was named to the Associated Press first-team All-American squad on Monday.
Finishing third in the voting behind Creighton's Doug McDermott and Duke's Jabari Parker, Smith is the first AP All-American from the Louisville program since Cliff Rozier in 1994.
An hour after being named to the AP team, Smith was also named to the Wooden All-American team. He's the first U of L player on the Wooden team since Terrence Williams in 2009.
The 6-foot-1 Smith finished his career with a school-record 257 steals. He was fifth in scoring (1,908 points), second in free throws made (488) and tied for eighth in three-pointers (180).
Smith, who only played 96 minutes his freshman season, helped lead the Cardinals to a pair of Final Four appearances and a national title.
The Cardinals were 31-6 this season. He's a finalist for the Naismith Award and was a first-team All-American by the USBWA and The Sporting News.
Smith finishes his career as the only player in school history with at least 1,800 points, 350 assists and 250 steals. He was in double figures in 36 of 37 games as a senior.