Under Smith’s captaincy, the inaugural edition champions RR finished last in the last IPL in the UAE, where the star Australian batsman played all the 14 league matches and scored 311 runs at a strike rate of 131.
This included three half-centuries, but his contribution as a leader came under the scanner after the team’s forgettable performance.
“His contract was up in October 2020, not being renewed,” a franchise source told PTI.
Ahead of the 2018 IPL, Smith was the only player retained by the Royals for Rs 12.5 crore.
The same year, the Royals returned from a two-year suspension and appointed Smith as the captain.
However, he stepped down from the position in the wake of the ball-tampering scandal in South Africa ahead of the lucrative league.
Smith recently drew flak for his underwhelming performance in the series against India.