The future of LIV Golf is murky at best. CEO Scott O'Neil is currently seeking around $250 million to keep the league alive after Saudi Arabia's Public Investment announced earlier this year that it would no longer finance the league.
Time and money are running out fast, bringing into question whether the $50m team and individual championship finale -scheduled for The Cardinal in Michigan at the end of August - will even take place.
"We've been told to prepare as though it's going ahead," Smith told the press this week.
"So, we're expecting it to happen. I'm really unsure, but we had a great year there last year in Detroit, and we're hoping we get back there. It's a great golf course, a great venue, and the crowds really turned up as well. Yeah, [I] would be disappointed if it wasn't.
"Hopefully, we get there. I know we've got a player meeting [Tuesday] afternoon, so I'm sure we'll hear a little bit more. But as it stands right now, all I can comment on is we're expecting to play.
"I'm contracted to the end of next year, so I was expecting to play until the end of next year and renegotiate and hopefully go on."
Smith - the 2022 Open Championship winner - was talking to the press ahead of this week's LIV Golf tournament at Trump National Golf Club in Bedminster, New Jersey.
LIV Golf has officially cancelled its planned Team Championships event in Michigan, bringing an end to weeks of speculation over whether the season-ending tournament would go ahead.
LIV Golf has reportedly canceled its season-ending Michigan Team Championship, leaving uncertainty over how the league's team competition will be decided.
LIV Golf has announced a major deal with a new lead investor that will allow it to continue operating without Saudi funding while giving its players significant ownership stakes.
Sergio Garcia is confident LIV Golf will continue next season despite uncertainty surrounding the league's financial future following the Saudi Arabia Public Investment Fund's decision to end its funding.
