Jun 30, 2013, 10:03 AM EDT
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.
Jul 23, 2014, 11:00 PM EDT
Makes sense for a franchise that frequently favors puck possession.
Jul 23, 2014, 10:00 PM EDT
Can the STAR system help reduce concussions?
Jul 23, 2014, 9:00 PM EDT
They’ll feature a “skating-only” ice crew next season.
Jul 23, 2014, 7:53 PM EDT
The crash happened on Monday, according to reports.
Jul 23, 2014, 7:20 PM EDT
Will their latest physics improvements make a big difference?
Jul 23, 2014, 5:50 PM EDT
Can they make a compromise by Friday?
Jul 23, 2014, 4:20 PM EDT
“We’ll see what happens. It’s a couple years away.”
Jul 23, 2014, 2:50 PM EDT
Jim Benning, making deals.
Jul 23, 2014, 1:45 PM EDT
“Any of the perceived animosity came from the outside.”
Jul 23, 2014, 12:57 PM EDT
His previously “yet-to-be-determined capacity” has been determined.
Jul 23, 2014, 12:41 PM EDT
“My style and build might be better against the bigger guys.”
Jul 23, 2014, 11:34 AM EDT
Won a couple of Stanley Cups with the Pittsburgh Penguins.
Jul 23, 2014, 10:48 AM EDT
Had seven goals with 21 assists last year for the Avs.
Jul 23, 2014, 10:23 AM EDT
The 23-year-old can now become an unrestricted free agent in the summer of 2016.
Jul 23, 2014, 9:56 AM EDT
Derick Brassard and John Moore to go.
Jul 23, 2014, 9:00 AM EDT
Barry Trotz continues Adam Oates’ alteration, at least for now.
Jul 23, 2014, 9:00 AM EDT
Wednesday’s delectable spread of links.
Jul 22, 2014, 11:00 PM EDT
They locked him up to a four-year deal on Tuesday.
Jul 22, 2014, 10:15 PM EDT
He spent last season playing in Switzerland.
Jul 22, 2014, 9:01 PM EDT
The Cuban-American could help market the sport.
- Cory Sarich hospitalized following cycling accident, expects ‘full recovery’ 2
- Stamkos shrugs off talk of LeBron-like homecoming to Toronto in 2016 23
- Avs and O’Reilly agree on two-year deal, but questions remain 30
- Rangers and Kreider avoid arbitration, agree on two-year deal 34
- Zuccarello takes Rangers’ one year, $3.5M deal 42
- Advancement? Leafs sign Booth for one year, $1.1M 25
- Leafs hire 28-year-old stats advocate as assistant GM 30
- NBC Sports to air over 100 NHL regular-season games in 2014-15 68
- Stars, Roussel agree on four-year, $8 million deal 3
- Vanek connected to federal gambling investigation 61
- Babcock fires back over allegations that free agents avoid him (77)
- Babcock: Cleary a ‘calculated risk’ after playing last year ‘on one leg’ (70)
- NBC Sports to air over 100 NHL regular-season games in 2014-15 (68)
- Vanek connected to federal gambling investigation (61)
- Report: Zuccarello wants $4.5M per on new deal, Brassard eyeing $5.5M (58)