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Report: Coyotes lock up Mike Smith for six years

Jun 30, 2013, 10:03 AM EDT

mikesmithgetty Getty Images

The Phoenix Coyotes’ future in Glendale is in doubt, but they still managed to keep the foundation of their franchise in place, even if it’s proving costly. Saturday’s rumor was confirmed on Sunday as the team handed goalie Mike Smith a six-year contract, according to Fox Sports Arizona’s Craig Morgan.

The exact financial terms aren’t clear just yet – this post will be updated with those details – but earlier rumors pegged the annual cap hit at somewhere between $5.5 million and $5.7 million.

Update: It appears that the cap hit is $5.67 million, placing the six-year total to $34.02 million, according to Sarah McLellan of the Arizona Republic. McLellan also notes that the deal isn’t 100 percent official yet.

Morgan points out the misgivings about the franchise’s future in the Smith camp, but $33 million or more can make Glendale, Seattle, Quebec or any number of locations seem like paradise.

For many, the risks of this deal outweigh the potential rewards.

Smith is a little up there in age at 31. His career has been full of ups and downs (including two seasons with less than a 90 save percentage) and his fragility has limited him considerably. (The 67 regular season games he played in 2011-12 towers over every other year of his career; his second-best mark is 42.)

That being said, Smith did impress in 2011-12. His numbers were nearly identical to those of Jonathan Quick‘s breakout campaign and his postseason success wasn’t that far off, either, as he was the driving force for a franchise-first run to the Western Conference finals.

Apparently that provided enough evidence for a franchise with an unstable future to make Smith their goalie of the future.

Related

Coyotes keep head coach Dave Tippett

GM Don Maloney stays in the fold

  1. tmoore4075 - Jun 30, 2013 at 10:18 AM

    Must be more about the team and coach than the location cause it still seems like its 50-50 if they are in Phoenix or not.

  2. bhawk729 - Jun 30, 2013 at 10:22 AM

    Great…another goalie making over 5 mill a year who has accomplished nothing. Join the fraternity of rinne , lundqvist etc. cant wait to see what Crawford will ask for

    • sunk500 - Jun 30, 2013 at 10:48 AM

      Funny.

      Lundqvist won the Vezina trophy in the 2011–12 season and also won Gold in the Olympics 2006. He, alone, is pretty much the only reason the rangers even made the playoffs and is somewhat of a threat to win a cup.

      I don’t think any goalie in the NHL carries his team more then King Henrik.

  3. joeyg88 - Jun 30, 2013 at 10:35 AM

    Lol hope hawks will pass on Crawford cuz they have Mac caruth waiting to go

    • esracerx46 - Jun 30, 2013 at 11:02 AM

      I hope that’s sarcasm.

  4. sunk500 - Jun 30, 2013 at 10:42 AM

    Welcome to Seattle Mike Smith! With his haircut he’ll fit in right in here with all the rest of the hipsters.

  5. blackhawks2010 - Jun 30, 2013 at 11:26 AM

    Smith had 2 good years, he was awful in Tampa, just terrible. Fluke goalie.

    • tbbolts91 - Jun 30, 2013 at 12:18 PM

      You must remember, tampa is where goalies go to wreck their numbers.

  6. kingsforever - Jun 30, 2013 at 11:27 AM

    If you think awards are everything, then you’re gonna have a bad time

  7. enollatsknarf - Jun 30, 2013 at 12:06 PM

    This seems like a lot of money for the coyotes non-existent ownership to spend on a slightly above average goalie.

  8. rushledger - Jun 30, 2013 at 12:14 PM

    He’s taking them further then they’ve ever been before yet he’s done nothing? Yeah ok as a coyotes fans I’m happy about this deal for both sides. Smith could have made more than this elsewhere he would have been the best goalie to hit the free agent market.

    • r4n6er - Jun 30, 2013 at 12:45 PM

      I disagree. I think that he is successful because of how the team plays defensively in front of him. If you moved him to a team like the Pens he would get lit up all day long (SEE: Rinne after the Sutter trade). Additionally, he is either the biggest floppers in the league, or he is actually made of glass. In either case, being from Seattle I would have preferred for this organization to wait until the July 2nd deadline and see what the new owner/operator wanted.

  9. mrpinkca - Jun 30, 2013 at 12:38 PM

    Good news for the Canucks, as there is now a 1% chance a team might trade for the Luongo contract…

  10. proudliberal85392 - Jun 30, 2013 at 2:13 PM

    rushledger: Absolutely. Those who know nothing will mouth off no matter what.

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