Oilers reportedly sign Mike Smith to a $4 million contract

Ouch. Another overpayment from Ken Holland?

HockeyFeed

According to multiple online reports, the Edmonton Oilers have re-signed pending free agent goaltender Mike Smith to a two year, $4 million contract.

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The 39 year old Smith had a stellar campaign in 2020-21 with the Oilers, putting up a .912 save percentage and 2.40 goals against average. Still... he'll be 41 years old by the time this deal is over but Oilers GM Ken Holland seems to have no problem paying out dollars and term this offseason. It was also assumed that Smith would be back for 2021-22, but for an extra season? That's a bit of a gamble, especially considering the Oilers already have Mikko Koskinen on the books for next season at $4.5 million.