John Kerr, Toby Ezeonu, Ryan Merk, and Owen Rose were all recognized.
Smith has recorded over 1,800 points during three seasons of high school basketball.
Lavelle became the fourth Lady Lion to hit the portal.
Peters joins a loaded incoming recruiting class.
The Nittany Lions will play in the Big Ten Tournament semifinals on Thursday.
The Grammy Award-winner is best known for his song "There Was Jesus."