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Edmonton Oilers signed Mike Smith (1 Year / $2,000,000 AAV)

Was this a good signing?
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Oct. 10, 2020 at 2:53 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: $2,000,000
Expiry Status: UFA
Cap % Tooltip: 1.84
Signing Team: Logo of the Edmonton OilersEdmonton Oilers
Signing Date: Oct. 10, 2020
Source: CapFriendly

Mike Smith signed a 1 year, $2,000,000 contract with the Edmonton Oilers on Oct. 10, 2020. The contract has a cap hit of $1,500,000.

SEASONClauseCap HitTooltipAAV TooltipP. BonusesTooltipS. BonusesTooltipBase SalaryTooltipTotal SalaryTooltipMinors SalTooltip
2020-21NTC$1,500,000$2,000,000$500,000$0$1,500,000$1,500,000$1,500,000
TOTAL$1,500,000$2,000,000$500,000$0$1,500,000$1,500,000$1,500,000
P. BONUS DETAILS: Games Played Bonus: $250,000 (20, 25, 30, 35 & 40 gms) + Playoff Bonus: $125,000 if the club wins RD1 and he plays in at least 2 games; $125,000 if the club wins RD2 and he plays in at least 2 games
CLAUSE SOURCE: CapFriendly
Oct. 10, 2020 at 2:53 p.m.
#2
Jarmo
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cool
Oct. 10, 2020 at 2:54 p.m.
#3
Leafs_and_Sens_Fan
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No upgrade I guess...
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Oct. 10, 2020 at 2:55 p.m.
#4
crankshaft
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lol
Oct. 10, 2020 at 2:55 p.m.
#5
Kotkaniemi15
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Oof
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Oct. 10, 2020 at 2:56 p.m.
#6
jasondomitrovic
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Too much money for a Goalie at this age.
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Oct. 10, 2020 at 2:57 p.m.
#7
Bluetomorrow83
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Feel like Holland could have let this scenario play out longer and see what VGK was going to do plus at least 500k to 1M too much for Smith regardless
Oct. 10, 2020 at 2:59 p.m.
#8
KubaH
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Don't tell me that Dell wouldn't sign for the same money... He would be much better option for the Oilers
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Oct. 10, 2020 at 2:59 p.m.
#9
Claesson4Norris
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They really missed their opportunity to secure their position in net. Probably one of the teams that really got screwed by the changes removing the negotiation window before free agency. In other years they'd likely have known ahead of time that they were out on Markstrom and would have been able to change directions. In this case bu the time the decision was in for Markstrom, most of the big names in net were scooped up.
Oct. 10, 2020 at 2:59 p.m.
#10
pharrow
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scrapping the bottom of the barrel of the goalie market
Oct. 10, 2020 at 3:00 p.m.
#11
Grievous
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All the great moves cancelled out by this blunder.....something something is the definition of insanity.....

Horrible decision, Tippett clearly has a Blindspot, Holland deferring to his coach and ignoring reality. Forsberg is a better bet at 2 G in 2020 than the ancient and eroding Smith....
Oct. 10, 2020 at 3:01 p.m.
#12
AwesomeMatthews
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Oct. 10, 2020 at 3:06 p.m.
#13
Trickster
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Needed to move on from Smith, this is a mistake.
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Oct. 10, 2020 at 3:08 p.m.
#14
willdog37
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Never understood the Holland hire, and it continues to baffle me to this day. He hasn't improved the problems with this team at all. In fact, he's doubled down on defensive and goaltending ineptitude.
Oct. 10, 2020 at 3:10 p.m.
#15
Oilyboy
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First: this should only have been resorted to in a week from now after all options were through. He was not going to sign anywhere else any time soon.
Second: the fact he gets more than Lundquist is lunacy.
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Oct. 10, 2020 at 3:20 p.m.
#16
A_Habs_fan
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He was the best option left imo. The only other options would’ve been Anderson, Schneider, Dell, Howard, Miller, Domingue, Hutchinson
Oct. 10, 2020 at 3:22 p.m.
#17
Grievous
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Quoting: willdog37
Never understood the Holland hire, and it continues to baffle me to this day. He hasn't improved the problems with this team at all. In fact, he's doubled down on defensive and goaltending ineptitude.


He isn't done. Still has Bear and Larsson to sign and has no cap space...

I think the Barrie and Turris adds are brilliant.
Oct. 10, 2020 at 3:25 p.m.
#18
oilersfan089
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Quoting: A_Habs_fan
He was the best option left imo. The only other options would’ve been Anderson, Schneider, Dell, Howard, Miller, Domingue, Hutchinson


Dell, Miller or Hutchinson would have worked just as well, but at near half the cap hit. Maybe Smith brings something to the locker room, some kind of fight/aggression missing among the top players, I don't know.
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Oct. 10, 2020 at 3:27 p.m.
#19
Oilyboy
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Quoting: Grievous
He isn't done. Still has Bear and Larsson to sign and has no cap space...

I think the Barrie and Turris adds are brilliant.


Larsson is signed...do you mean Lagesson? Lagesson is league minimum. Also Klef is LTIR so that's 4.17 mil. Plenty of space for Bear and Lagesson and probably some quite good PTO's or cheap LD, much like the Pysyk deal. Perhaps Koekkoek.
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Oct. 10, 2020 at 3:33 p.m.
#20
KN31
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This is a horrible deal. I rather would have gotten Dell. Smith is one of the most inconsistent goalies in the NHL. Watch Tippett play him more than Koskinen again.
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Oct. 10, 2020 at 3:39 p.m.
#21
aadoyle
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Quoting: AwesomeMatthews


Nobody outlaughs the O.G MASTER cause you cant beat the original gag
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Oct. 10, 2020 at 3:42 p.m.
#22
aadoyle
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Quoting: Trickster
Needed to move on from Smith, this is a mistake.


Hmm

Smith and Koskinen vs. Markstrom + Rittich

Battle of Alberta feels one sided now
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Oct. 10, 2020 at 3:42 p.m.
#23
DeportedStalin
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bruh we litterally got to resign anthanasiou still. We got prospects such as Olivier Rodrigue,Stuart Skinner and Dylan Wells that can take the backup spot away from Mr Smith. Mike is 38 years old, had a .902 sv% and a 2.95 GAA in the 19-20 season. This money could be used to resign our RFAs and UFAs such as anthanasiou and others.
Oct. 10, 2020 at 3:46 p.m.
#24
pandemic_p
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Quoting: Grievous
He isn't done. Still has Bear and Larsson to sign and has no cap space...

I think the Barrie and Turris adds are brilliant.


klef is probably gonna go to ltir
Oct. 10, 2020 at 3:47 p.m.
#25
Bluetomorrow83
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Quoting: DeportedStalin
bruh we litterally got to resign anthanasiou still. We got prospects such as Olivier Rodrigue,Stuart Skinner and Dylan Wells that can take the backup spot away from Mr Smith. Mike is 38 years old, had a .902 sv% and a 2.95 GAA in the 19-20 season. This money could be used to resign our RFAs and UFAs such as anthanasiou and others.


None of the goalies you listed would be a viable NHL tandem goalie. I don't love the Smith signing but he is better option then those 3 at this point of their careers plus Forsberg (guy we signed yesterday) would be first in line for a call up.
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