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 5, 2015, 12:03 PM EDT
It may leave them in a “cap vise.”
Jul 5, 2015, 10:49 AM EDT
That doesn’t guarantee that a hearing would take place, though.
Jul 5, 2015, 9:36 AM EDT
Brandon Dubinsky is the latest to pipe up.
Jul 4, 2015, 11:20 PM EDT
Vancouver started its development camp this weekend.
Jul 4, 2015, 10:10 PM EDT
His offensive totals were down, but was regularly used on penalty kill.
Jul 4, 2015, 8:40 PM EDT
Spent most of the 2014-15 season in the OHL.
Jul 4, 2015, 7:10 PM EDT
They had agreed to terms last weekend.
Jul 4, 2015, 5:40 PM EDT
Played 37 games with Edmonton last season before getting sent back to the WHL.
Jul 4, 2015, 4:10 PM EDT
He signed with Pittsburgh on Wednesday.
Jul 4, 2015, 2:57 PM EDT
Both received two-way deals.
Jul 4, 2015, 2:01 PM EDT
Will he make the 2015-16 Flyers?
Jul 4, 2015, 12:48 PM EDT
Washington’s AHL tandem has more NHL playing experience than Holtby and Grubauer.
Jul 4, 2015, 11:30 AM EDT
He usually gets at least one stint in the NHL per season.
Jul 4, 2015, 10:18 AM EDT
The two sides reportedly aren’t close to an agreement.
Jul 4, 2015, 9:09 AM EDT
What role he has could depend on the Kings and league’s decision regarding Slava Voynov.
Jul 3, 2015, 11:00 PM EDT
Scored 13 goals in 54 games last season.
Jul 3, 2015, 10:00 PM EDT
He was sentenced in September, 2013.
Jul 3, 2015, 9:00 PM EDT
Spent the last three seasons in the KHL.
Jul 3, 2015, 7:44 PM EDT
Buffalo also signed Cal O’Reilly, who played last season with the AHL Utica Comets.
Jul 3, 2015, 6:43 PM EDT
He signed a six-year, $36 million deal with Columbus.
- Report: Plotnikov paid $500K to get out of KHL contract 10
- Philadelphia signs ’15 first rounder Provorov 10
- Brandon Saad brings championship experience to Blue Jackets 21
- Sharks sign Joel Ward to three-year deal 23
- Sabres lock up O’Reilly through 2022-23 73
- Locked in: Columbus signs Saad to six-year, $36M deal 27
- Oilers sign McDavid to entry-level contract 29
- ‘Hawks would like to re-sign Oduya, but still working through ‘financial hurdles’ 17
- Trade: Caps acquire Oshie from Blues for Brouwer, Copley and draft pick 73
- Voynov takes plea, gets 90 days in jail plus probation 66
- Blockbuster: Kessel traded to the Penguins (131)
- Trade: Flyers send Rinaldo to Bruins for 2017 third-rounder (105)
- Trade: Jackets land Saad; Anisimov and Dano headed to Chicago (93)
- Bypassing a buyout? Kings terminate Richards’ contract for ‘material breach’ (90)
- Trade: Caps acquire Oshie from Blues for Brouwer, Copley and draft pick (73)