Smith averaged 18.1 points, 6.2 assists and 1.9 steals in 32 games for the Wolfpack.
“It’s just a better opportunity for him so you really can’t hate on the guy for trying to make the best of the situation so good for him.”
Keatts comes to Raleigh after three successful years at the helm in Wilmington.
The Wolfpack hired Keatts, 44, to replace Mark Gottfried, who was fired after six years in Raleigh.
The focus for the Wolfpack now becomes finding the next coach.
The championship game is scheduled for Saturday at 9 p.m.
Jackson finished with 24 votes to 15 for Wake Forest’s John Collins.
The Wolfpack (15-15, 4-13) made a last-stand run to get within 59-51.
In his three seasons with the Seahawks, Keatts has a combined record 67-27.
North Carolina State dealt a blow to Georgia Tech’s slim NCAA Tournament hopes.