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Photo Credit: Sergei Belski-USA TODAY Sports

Edmonton Oilers sign G Mike Smith to one-year, $2-million contract

The Edmonton Oilers have made yesterday’s news official announcing the club signed 37-year-old goaltender Mike Smith to a one-year, $2-million contract.

Smith joins the Oilers after spending the last two seasons with the Calgary Flames.

With the club south on the QE2 for the past two seasons, Smith played in 97 games for the Calgary Flames winning 48 of those games. His .909 sv% during that time is a weird mix of one good season, and one terrible season.

In 2017-18, Smith posted a .916 winning 25/55 games played, while last season he drastically regressed posting a .898 sv% winning 23/42 games played.

At 37-years-old, he evidently isn’t getting any younger.

Edmonton bet big with signing Mikko Koskinen to a three-year, $4.5-million contract after he hit a mid-season hot streak. Truth be told Edmonton was going to need to big up someone who could help split games this upcoming season and Holland has hedged his bet with Mike Smith.

Now, the true question is, what are the Oilers going to get out of him. It’s clear he is no longer the .930 sv% goalie he was in 2011-12, but in the last seven seasons, he’s posted a .911 sv%; nothing spectacular, but nothing terrible.

His numbers were just under that for the last two seasons.

Edmonton is counting on him to provide numbers at least that good next season and I’m not sold the Oilers will get that. Smith, too, has a history of soft tissue injuries which is never a good sign as an aging goaltender.

Smith really did up his game for the Flames in the playoffs posting a .917 sv% in their five-game series against the Avalanche. Is it a sign that maybe he could bring that again this upcoming season?

One can only hope.

Am I sold on this signing? Not at all.

Were their other options for a stop-gap, one-year goaltender who does bring with him a veteran presence? No, I don’t think so.

One thing to note, however, is that Smith’s best season came in Arizona while Dave Tippett was patrolling the bench. There’s certainly a level of familiarity and comfort there which must’ve been heavily thought about as Edmonton looked into Smith’s signing.

On Twitter: @zjlaing

  • JuniorSplash

    So that’s why he bought out Sekera? To spend minimal today on 2 absolutely underwhelming players? No trades thus far…I know everyone is gonna scream be patient, but patience was lost in the last 16 years. Seems like every damn team has made a trade or a significant signing but us.

    • toprightcorner

      I won’t judge the trade until I see what the other goalies sign for. My guess is the other targets like Marazk will be in the $4 mill range. Holland maybe saving some money for a Nyqvist or similar.

      I think the bonus plan is too rich, after 20 games it is basically a $20k bonus a game.

    • toprightcorner

      Who would you want to have signed? Connely got 4 years at $3.25 in no-tax Florida, Oilers would have had to be over $4 mill for 4 years and that is too rich. Donskoi got $3.9 for 4 years, too long and too much money. Nyqvist got $5.5 for 4 years, big overpay. Tanev got $3.5 mill for 6 years, a 4th line player or a weak 3rd liner on PIT team, what was Rutherford smoking?? Panik got $2.75 for 4 years. Cap is okay, length is long.

      Chaison at $2.15 x 2 is a good deal. He is basically a Connelly, about the same age both had big breakout seasons with high shooting %.

      I don’t see any missed signings at this point where I think Holland should have been all over. I still think the buyout for Sekera (I didn’t agree with) saved cap space for for a trade then UFA signing. Trades you can get a larger cap hit but a better value on the player. Example Tyler Johnson is a $5 mill cap hit for 5 years and as a UFA he would have gotten $7-$7.5 mill today.

  • toprightcorner

    I won’t judge the trade until I see what the other goalies sign for. My guess is the other targets like Marazk will be in the $4 mill range. Holland maybe saving some money for a Nyqvist or similar.

    I think the bonus plan is too rich, after 20 games it is basically a $20k bonus a game.

  • AlexTheOilersFanSince2006

    So…where’s this top 6 forward we were promised. I’m still holding out hope for Dzingle, but each hour Ken sits on his ass twiddling his thumbs doesn’t fill me with confidence.

    • Svart kaffe

      If you actually listened to Holland he has never said anything even close to that. What he has said is that he wants to revamp the bottom-6 with a couple of guys who can bring secondary scoring. Specifically guys who can provide around 10 goals each. He has also said he won’t be a big buyer on July 1st but wait a couple of days and see what shakes loose 3-4 days after that and if some talent could be had for less money.

    • cityofchampions

      I love that Talbot got picked up by Calgary. I hope this means that Alex will be on your boards constantly telling you several times a day how great a goalie Talbot is. We won’t miss you Alex, but I’m sure Flames Nation will welcome you with open arms, at least until they get tired of Talbot letting in the first shot every game.

  • Big Nuggets

    Oiler’s problems weren’t going to be solved in free agency. I’m okay with small moves this offseason. most signings are overpays and its probably better not to be on the hook for another bad contract. I didn’t really like the Sekera buyout, but I understand the move. I think he will be a steal for Dallas at 1.5 million.