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As the draw reached it's closing stages, there were just two Premier League seeded sides remaining in the hat, Manchester United and Crystal Palace, along with Walsall and fellow Sky Bet League One side Milton Keynes Dons.
Speaking to Sky Sports, Smith said; "I'm really pleased. It was a 50-50 call between Palace and Man United, so financially for the football club Manchester United would have been a bigger draw, but Crystal Palace is a really good draw for us.
"It's a Premier League team at home; one who finished the season so strongly last year, with an established manager in the top flight and a British boss for us all to look up to in Tony Pulis, who has done consistently well. It will be tough, that's for sure, but one we'll certainly look forward to."