Credit: Paul Archuleta/FilmMagic

Casper Smart's need for speed has finally caught up with him.

Arrested for drag racing in April 2010, the 24-year-old backup dancer pleaded no contest to exhibition of speeding at L.A.'s Van Nuys Superior Court Tuesday.

"His attorney came in and advanced the case this morning," L.A. City Attorney's Office spokesperson Frank Mateljan tells Us Weekly. "[His attorney] entered a no contest plea and was sentenced to 12 months summary probation and ordered to pay a $500 fine."

Smart, who has been citied three times for driving without a license, was not required to appear in court. "It was a misdemeanor charge," Mateljan explains. "I do not believe we have any further pending cases.

Long before he began romancing Jennifer Lopez, 42, Smart exhibited signs of a reckless lifestyle.

"He loves thrill-seeking," a Smart pal recently told Us. Even while driving Lopez's Bentley, "he drives like a maniac."