Smith was shot in the head and died at the scene. James is expected to survive.
No arrests have been made in that shooting, but 70 people were arrested, including 15 juveniles. Most of the arrests were for disorderly conduct, fighting, assault, and impeding traffic.
Officers report several groups of people flashing gang signs and getting into fights.
Throughout the night, CMPD said officers responded to several fights in the area of College and Trade Streets. They estimate 25,000 to 30,000 people were in the area at the time.
David Heath said he and his friends saw groups confronting each other.
Kinda chaotic, people running and stuff, he said.
Justin Gantt said he wanted to stay away. I seen a couple of people run towards fights, he said, but I don't run towards the crowds because... that's when trouble happens to you.
Police said the fights appeared to be unrelated to Speed Street events, which wrapped up two hours before the shooting.
The Associated Press contributed to this report.