Kenny Smith says he's still reeling from the "horrific situation" that claimed Rasual Butler's life ... and he's expecting the NBA to honor Rasual in a big way.
"Overall, the NBA community will step up. We'll do something on TNT," Kenny said.
Condolences poured in Wednesday from ex-teammates and legends like Shaq, Kobe and Allen Iverson ... and the Miami Heat were the first team to put together a video tribute.
The Miami Heat pay tribute to Rasual Butler 🙌pic.twitter.com/IdRnsS7DqM
The Jet says fans should expect a lot more of that -- because "everybody loved him."
TMZ Sports broke the story ... Butler, 38, lost control of his Range Rover in Studio City early Wednesday morning and slammed into a wall -- killing him and his wife, who was a passenger in the car.