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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 p.m.
#1
Mike Smith has signed a new contract with the Edmonton Oilers.
35+ Contract
Comparable ContractsCOMPARE THIS CONTRACT
SIGNED BY: Ken Holland
Length: 1 year
Value: $3,750,000
Expiry Status: UFA
Cap % Tooltip: 2.45
Signing Team: Logo of the Edmonton OilersEdmonton Oilers
Signing Date: Jul. 1, 2019
Source: CapFriendly

Mike Smith signed a 1 year, $3,750,000 contract with the Edmonton Oilers on Jul. 1, 2019. The contract has a cap hit of $2,000,000.

SEASONClauseCap HitTooltipAAV TooltipP. BonusesTooltipS. BonusesTooltipBase SalaryTooltipTotal SalaryTooltipMinors SalTooltip
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 p.m.
#2
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This was expected. The goalies switching Canadian teams are now fully confirmed.
Earfgang liked this.
Jul. 1, 2019 at 1:39 p.m.
#3
Just Keep Swimming
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Okkkkaaaaaayyyy....
EDM might have the least cost efficient goalie tandem in the league...
Jul. 1, 2019 at 1:39 p.m.
#4
AwesomeMatthews
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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 p.m.
#5
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His numbers were terrible on an excellent team last year. How's he gonna do w/ a bad team?
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Jul. 1, 2019 at 6:08 p.m.
#6
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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 p.m.
#7
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Edmonton finally signs a puck moving defenseman.
Earfgang liked this.
Jul. 1, 2019 at 6:58 p.m.
#8
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Edited Jul. 1, 2019 at 7:10 p.m.
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.
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Jul. 1, 2019 at 11:51 p.m.
#9
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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 p.m.
#10
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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 a.m.
#11
MK458
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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 a.m.
#12
Just Keep Swimming
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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.
Jul. 14, 2020 at 7:41 p.m.
#13
Kafle
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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
Jul. 15, 2020 at 6:37 a.m.
#14
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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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