Skip to content

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

Latest Posts
  1. Kings ink prospect Sharipzyanov to entry-level contract

    Aug 27, 2015, 10:00 PM EDT

    Damir Sharipzyanov Getty Images

    The defenseman had 34 points in 66 OHL games last season.

  2. Sabres interested in luring Franson

    Aug 27, 2015, 8:58 PM EDT

    Cody Franson Getty Images

    He might end up with a two-year deal.

  3. Ladd wants to re-sign before season starts

    Aug 27, 2015, 8:21 PM EDT

    Andrew Ladd Getty Images

    He’s entering the final season of his five-year, $22 million deal.

  4. AHL unveils schedule with California teams playing fewer games

    Aug 27, 2015, 6:48 PM EDT

    061315 comets mdd AP

    Playoff seeding will be determined by points percentage.

  5. Under pressure: Mike Johnston

    Aug 27, 2015, 4:25 PM EDT

    Mike Johnston Getty Images

    The Penguins are a win now team coming off of a quick first round exit.

  6. Pittsburgh’s biggest question: Is the defense good enough?

    Aug 27, 2015, 2:06 PM EDT

    St. Louis Blues v Pittsburgh Penguins Getty Images

    “I’m fully aware that at some point in time we may have to address that position.”

  7. Marty favor? Blues bringing Gomez to camp on PTO

    Aug 27, 2015, 12:17 PM EDT

    New Jersey Devils v Philadelphia Flyers Getty Images

    The two have a bit of a history, as you may recall…

  8. Poll: Will Kessel score 40?

    Aug 27, 2015, 12:00 PM EDT

    The Toronto Maple hold their post season media availibility and team President Brendan Shanahan holds a press conference to answer questions Getty Images

    It’s a benchmark he’s never hit before.

  9. Looking to make the leap: Derrick Pouliot

    Aug 27, 2015, 10:52 AM EDT

    Philadelphia Flyers v Pittsburgh Penguins Getty Images

    The 21-year-old looks like he’ll be counted upon heavily.

  10. Mike Richards charged with possession of controlled substance

    Aug 27, 2015, 9:48 AM EDT

    Los Angeles Kings v New York Rangers Getty Images

    For a border incident that occurred in mid-June.

  11. It’s Pittsburgh Penguins Day at PHT

    Aug 27, 2015, 9:00 AM EDT

    Sidney Crosby AP

    A first round exit has led to a busy summer.

  12. Devils’ continue summer of change with more personnel moves

    Aug 26, 2015, 9:32 PM EDT

    Patrick Rissmiller Getty Images

    Development coach Patrick Rissmiller is among New Jersey’s latest additions.

  13. Erik Karlsson has an interesting take on (not) training

    Aug 26, 2015, 8:08 PM EDT

    Erik Karlsson AP

    His conditioning comes on the ice, not in the weight room.

  14. Sabres reach their season tickets cap with 96 percent renewal rate

    Aug 26, 2015, 6:40 PM EDT

    Jack Eichel Getty Images

    Two terrible seasons didn’t dissuade fans expecting brighter days ahead.

  15. Philadelphia Flyers ’15-16 Outlook

    Aug 26, 2015, 5:11 PM EDT

    Ottawa Senators v Philadelphia Flyers Getty Images

    Philadelphia has a great core, but does it have the depth?

  16. Poll: Are the Flyers better off losing (a lot)?

    Aug 26, 2015, 4:00 PM EDT

    Dave Hakstol AP

    Tanking isn’t likely, yet may it be wise?

Top 10 NHL Player Searches
  1. P. Kessel (1371)
  2. P. Kane (1269)
  3. S. Matthias (1141)
  4. D. Carcillo (1070)
  5. M. Zuccarello (1069)