Mike Smith signed a two-year, $4.4 million contract to remain with the Edmonton Oilers on Saturday. It has an average annual value of $2.2 million.
The 39-year-old goalie could have become an unrestricted free agent July 28; he signed a one-year, $2 million contract with the Oilers on Oct. 10, 2020.
Smith was 21-6-2 with a 2.31 goals-against average, .923 save percentage and three shutouts in 32 games (30 starts) for Edmonton this season. It was his lowest GAA and highest save percentage since 2011-12 with the Phoenix Coyotes (2.21 GAA, .930 save percentage).
Smith was 0-4 with a 2.40 GAA and .912 save percentage in the Stanley Cup Playoffs this season when the Oilers were swept by the Winnipeg Jets in the first round.
Selected by the Dallas Stars in the fifth round (No. 161) of the 2001 NHL Draft, Smith is 283-254-76 with a 2.69 GAA, .912 save percentage and 42 shutouts in 642 regular-season games (618 starts) during 15 seasons with the Oilers, Calgary Flames, Coyotes, Tampa Bay Lightning and Stars and 11-17 with a 2.34 GAA, .931 save percentage and four shutouts in 29 playoff games (27 starts).