Jun 30, 2013, 10:03 AM EST
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.
Mar 7, 2014, 12:07 PM EST
Click to see which teams could be most impacted.
Mar 7, 2014, 11:47 AM EST
In related news, Philly leads the NHL in penalty minutes.
Mar 7, 2014, 11:33 AM EST
But Jeff Vinik couldn’t sway him.
Mar 7, 2014, 11:30 AM EST
It’s not looking good in DC.
Mar 7, 2014, 11:17 AM EST
Matt Moulson set to make his Minnesota debut.
Mar 7, 2014, 9:45 AM EST
It’s been a rough few days for Mike Gillis.
Mar 7, 2014, 9:07 AM EST
The Capitals have waited a long time for him.
Mar 7, 2014, 8:15 AM EST
That and the rest of the links to start your day.
Mar 7, 2014, 1:34 AM EST
Ugly start for Vancouver vs. Dallas.
Mar 7, 2014, 1:23 AM EST
Worth staying up late for East Coast hockey fans.
Mar 7, 2014, 12:41 AM EST
He did it with style, too.
Mar 6, 2014, 11:32 PM EST
They might want to stay off of Twitter.
Mar 6, 2014, 10:50 PM EST
He should provide commentary to as many Vancouver games as possible.
Mar 6, 2014, 10:38 PM EST
Jhonas Enroth is making the most of his opportunity, to say the least.
Mar 6, 2014, 10:21 PM EST
This one looks painful.
Mar 6, 2014, 10:06 PM EST
Boston shut them out 3-0 on Thursday.
Mar 6, 2014, 9:56 PM EST
Plenty of talent on the ice for this late one.
Mar 6, 2014, 9:48 PM EST
It’s unclear how severe the injury is.
Mar 6, 2014, 8:30 PM EST
No one will wear No. 5 in Detroit again.
Mar 6, 2014, 7:56 PM EST
Injuries make him a key player instantly with Red Wings.
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