The Phoenix Coyotes have locked up their top offseason priority, signing goalie Mike Smith to a six-year deal that averages around $5.7 million per season.
Smith and the Coyotes agreed to the deal over the weekend and received approval of the contract from the NHL on Monday.
The 31-year-old Smith had mostly been a backup before leading the Coyotes to the Western Conference finals for the first time in 2011-12, his first season as Phoenix's No. 1 goalie. Smith was about to become a free agent and had been waiting for clarity on the Coyotes' ownership situation before signing.
The City of Glendale is set to vote on a lease agreement with Renaissance Sports & Entertainment on Tuesday, the last major hurdle in the group's attempt to buy the franchise from the NHL.
''We are pleased to sign Mike to a multi-year contract,'' Coyotes general manager Don Maloney said in a statement. ''Mike has emerged as a top NHL goaltender with his size, athletic ability and strong work ethic. He is...