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.
Aug 23, 2014, 2:07 PM EDT
After solid 2012-13 season, the Ottawa native struggled last season.
Aug 23, 2014, 1:03 PM EDT
New-look first line has big shoes to fill.
Aug 23, 2014, 12:01 PM EDT
Appears close to 100 percent healthy.
Aug 23, 2014, 11:01 AM EDT
Signs minor league deal with Bridgeport.
Aug 23, 2014, 10:02 AM EDT
Could be the Sens’ future starter with Craig Anderson set to become an unrestricted free agent.
Aug 23, 2014, 9:00 AM EDT
For once, no rehab and no new head coach.
Aug 23, 2014, 8:00 AM EDT
The post-Spezza era begins.
Aug 22, 2014, 11:00 PM EDT
The dynasty-era is well-represented in voting, as expected.
Aug 22, 2014, 10:00 PM EDT
The slogan is “Tradition on Ice.”
Aug 22, 2014, 8:30 PM EDT
Not exactly blasting his former employers.
Aug 22, 2014, 7:14 PM EDT
The TMNT pajamas really put it over the top.
Aug 22, 2014, 5:44 PM EDT
“We’re waiting for somebody now to step forward and take charge of this team.”
Aug 22, 2014, 4:22 PM EDT
Despite missing 11 games, he set many career-high numbers.
Aug 22, 2014, 3:01 PM EDT
Spent the summer relocating his family to the Manitoba capital.
Aug 22, 2014, 2:05 PM EDT
Speculation on MLSE President & CEO’s next move.
Aug 22, 2014, 1:32 PM EDT
Disappointed with demotion last season, 20-year-old will get another shot in September.
Aug 22, 2014, 12:14 PM EDT
Has to get his team on the winning track.
Aug 22, 2014, 11:15 AM EDT
Helps friend raise awareness at charity event.
Aug 22, 2014, 10:30 AM EDT
Excess of defensemen has GM Peter Chiarelli in a bind.
Aug 22, 2014, 10:05 AM EDT
At 23 years old, he’s one of the best players in the NHL.
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