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Edmonton Oilers signed Mike Smith (1 Year / $3,750,000 AAV)

Was this a good signing?
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Jul 1, 2019 at 1:37
#1
Mike Smith has signed a new contract with the Edmonton Oilers.
35+ CONTRACT
COMPARE THIS CONTRACT
LENGTH: 1 YEAR
EXPIRY STATUS: UFA
SIGNING TEAM: Edmonton OilersEdmonton Oilers
VALUE: $3,750,000
C.H.% : 2.45
SIGNING DATE: July 1, 2019
SOURCE: CapFriendly
SEASONCLAUSECAP HIT AAV P. BONUSES S. BONUSES BASE SALARY TOTAL SALARY MINORS SALARY
2019-20NTC$2,000,000$3,750,000$1,750,000$0$2,000,000$2,000,000$2,000,000
TOTAL$2,000,000$3,750,000$1,750,000$0$2,000,000$2,000,000$2,000,000
P. BONUS DETAILS: Games Played Bonus: $125,000 at each of the following levels (20, 25, 30, 35 gms) & $250,000 at each of the following levels (40, 45 gms) + Playoff Qualification & Rounds Won Bonus: $750,000 max earnable (broken down by qualifiaction, first 3 rounds won and gms won in those rounds)
CLAUSE SOURCE: CapFriendly
Jul 1, 2019 at 1:39
#2
Joined: Apr 2018
Posts: 80
Likes: 59
This was expected. The goalies switching Canadian teams are now fully confirmed.
Earfgang liked this.
Jul 1, 2019 at 1:39
#3
The Enlightened One
Joined: Jun 2018
Posts: 5,583
Likes: 2,546
Okkkkaaaaaayyyy....
EDM might have the least cost efficient goalie tandem in the league...
Jul 1, 2019 at 1:39
#4
AwesomeMatthews
Joined: May 2018
Posts: 974
Likes: 724
Quoting: EmperorFun
This was expected. The goalies switching Canadian teams are now fully confirmed.


Smith is getting to old now. The Oilers will probably regret this
Jul 1, 2019 at 1:39
#5
Joined: Dec 2017
Posts: 2,120
Likes: 889
His numbers were terrible on an excellent team last year. How's he gonna do w/ a bad team?
TheWolfe liked this.
Jul 1, 2019 at 6:08
#6
Joined: Mar 2019
Posts: 1,695
Likes: 1,764
Quoting: AwesomeMatthews
Smith is getting to old now. The Oilers will probably regret this


Probably yes and I'm not the biggest Mike Smith supporter anyway but truthfully, that D in front of all the goalies they've had the past few years has been complete ****.
Smith will end up looking bad because of that.
Jul 1, 2019 at 6:28
#7
Joined: Mar 2017
Posts: 252
Likes: 70
Edmonton finally signs a puck moving defenseman.
Earfgang liked this.
Jul 1, 2019 at 6:58
#8
Joined: Aug 2017
Posts: 1,716
Likes: 533
Edited Jul 1, 2019 at 7:10
Quoting: Random2152
Okkkkaaaaaayyyy....
EDM might have the least cost efficient goalie tandem in the league...


Quoting: EmperorFun
This was expected. The goalies switching Canadian teams are now fully confirmed.


Quoting: AwesomeMatthews
Smith is getting to old now. The Oilers will probably regret this


Quoting: Brian2016
His numbers were terrible on an excellent team last year. How's he gonna do w/ a bad team?


Quoting: oneX
Probably yes and I'm not the biggest Mike Smith supporter anyway but truthfully, that D in front of all the goalies they've had the past few years has been complete ****.
Smith will end up looking bad because of that.


Quoting: PrisonBull
Edmonton finally signs a puck moving defenseman.


PER TWITTER:

Mike Smith's performance bonus structure:

- $1,000,000 bonus for 20+ Games Played
- $1,000,000 bonus for 30+ Games Played
- $1,000,000 bonus for EDM Making Playoffs

Smith's Maximum Salary = $5,000,000

So if Koskinen gets injured ... Edmonton will have an $8,500,000 - $9,500,000 goalie tandem.
And $2,000,000 - $3,000,000 of this will carry over onto next years cap.

Which means that in 2020-21:

- Edmonton would have $6,500,000 - $7,500,000 committed to goalies (Koskinen being the only one signed).
- Edmonton will also have $3,800,000 remaining in buyout penalties (Sekera and Pouliot).
- Edmonton will also have $10,000,000 committed to Lucic and Russell.

Total Result Equals: roughly $21,000,000 comitted to Koskinen + Lucic + Russell for the 2020-21 season.
Brian2016 and Earfgang liked this.
Jul 1, 2019 at 11:51
#9
Joined: May 2017
Posts: 171
Likes: 21
If you look at his stats in previous seasons, he is insane when he faces a high number of shots, I think he is one of those goalies that needs a bad defense and he will be amazing but if he plays for a solid defense he gets lost in game flow.
Jul 2, 2019 at 10:48
#10
Joined: Jun 2017
Posts: 553
Likes: 46
I was never a fan of Mike Smith even on Coyotes w/ NHL running team playing defensive system he wasn't anything special to me. SEems like a lot of money for a guy who was washed up years ago to me... When people making 500-700K are playing well enough to win Stanley Cups wink?
Nov 8, 2019 at 3:26
#11
MK458
Joined: Dec 2017
Posts: 1,418
Likes: 510
Quoting: Random2152
Okkkkaaaaaayyyy....
EDM might have the least cost efficient goalie tandem in the league...


Well this didn't age very well... One of the most cost effective so far
Nov 8, 2019 at 10:59
#12
The Enlightened One
Joined: Jun 2018
Posts: 5,583
Likes: 2,546
Quoting: mk458
Well this didn't age very well... One of the most cost effective so far


The goalies are on a heater. It has been like 15 games dude. It happens, just wait until regression begins
PrisonBull liked this.
Tue at 7:41 pm
#13
Kafle
Joined: May 2019
Posts: 2,071
Likes: 376
Quoting: Brian2016
His numbers were terrible on an excellent team last year. How's he gonna do w/ a bad team?


Did you not see how he carried the Flames on his back against the Avs. Johhny G and his pals left him out ot dry
Wed at 6:37 am
#14
Joined: Dec 2017
Posts: 2,120
Likes: 889
Quoting: kafle22
Did you not see how he carried the Flames on his back against the Avs. Johhny G and his pals left him out ot dry


No doubt the team left him high and dry in the Avs series last year. But, I would go with Kosk vs. CHI if I'm EDM
 
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