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Ladislav Smid Signs 4 yr./ $14M Extension

The Edmonton Oilers have signed Defenceman Ladislav Smid to a new deal that will keep him in town for another four seasons at an average cost of $3.5M per year.

Jerome Miron-USA TODAY Sports

The Edmonton Oilers announced today that they have signed blueliner Ladislav Smid to a new four year deal.

The deal comes a day after Edmonton Journal Writer Jim Matheson posted an article stating that Smid was hoping for a five year deal at the exact $3.5M cap hit he ended up receiving on a four year term.

I’d like a five years, around that term," said Smid, who has played 443 Oiler games since coming here along with Joffrey Lupul and draft picks in the Chris Pronger trade with Anaheim in 2007. "Yeah, five years at $3.5 million (a season), that would be nice. I’d be more than happy with that. Obviously you look around and see what other guys are making.

Smid is unquestionably the Oilers' top left-handed rear-guard, so his extension was critical to the team's ability to continue to rebuild a blueline corps that that been it's biggest weakness the last few seasons.

I don't need to quote stats here to tell everyone that Smid is no offensive powerhouse. He is very much a defense-first player in the mold of Brooks Orpik or Rob Scuderi. But he has found a home playing alongside Jeff Petry and the two have formed a legitimate top four pairing the last couple of seasons.

Smid had a very poor start to the season but seems to be slowly getting back on track. At 27, he is young enough to be a big part of the blueline in Edmonton for the next few years while the likes of Oscar Klefbom, Martin Gernat, David Musil and Dillon Simpson work their way to the NHL.

The deal keeps the Oilers from having to find even more defensive help this off-season as if Smid had been traded or left-unsigned, it appears there would have been great demand for him in the summer as likely the top blueliner available on the market:

The cap hit appears to be a decent deal for the Oilers as Smid will get a $1.25M increase from his current deal which was signed prior to his breakout season last year.

Overall, this has to be classified as a pretty strong move for the club. Smid is very vocal about his love of being an Oiler and wanting to stay in Edmonton. Getting him locked up avoids compounding a lack of NHL depth on the left-side with the likely impending departure of Ryan Whitney. The fact that they were able to do so at a reasonable cap hit bodes well for the team's ability to make future improvements to their blueline for next season.

Further Updates to this story as they slowly come out: