Coyotes ink goalie Mike Smith to six-year extension
A little more than a week after the Phoenix Coyotes extended the contract of head coach Dave Tippett, they were able to re-sign one of the team’s key pieces.
On Monday, Phoenix announced that goaltender Mike Smith had chosen to stay with the team, signing a six-year deal to remain in the desert. The deal is reportedly worth $34 million, for an average annual value of $5.67 million.
“I always felt in the back of my mind I was going to re-sign with Phoenix, but I didn’t know…Obviously, you look around the league at different positions where you see yourself fit but, in the end, I think Phoenix has been too good to me,” Smith told AZ Central.
Smith came to Phoenix two summers ago after being stuck as a backup in Tampa Bay. In his first season with the Coyotes, Smith had a 38-18-10 record and a career high eight shutouts, then led the team to its first ever berth in the Western Conference Final, posting a 1.99 goals against in 16 playoff games.
He wasn’t as spectacular last season, going 15-12-5 with a 2.58 GAA, as the Coyotes missed the postseason.
But Coyotes GM Don Maloney knows how important the goalie is to his franchise and rewarded Smith with the big payday.
“It was probably a little longer than I wanted the deal and less money than maybe Mike wanted, and when both sides were unhappy, it was probably a good deal,” Maloney joked.
At $5.67 million, Smith now carries the 9th highest cap hit among goaltenders, according to Cap Geek.