The Edmonton Oilers re-signed veteran goaltender Mike Smith to a two-year deal, according to Sportsnet's Chris Johnston.
The contract carries an average annual value of around $2 million, Johnston added.
At 39 years old, the resurgent Smith pitched a .923 save percentage across 32 games in the 2020-21 regular season, the second-best mark of his career. He was eighth in the league in goals saved above average (12.56) and goals saved above expected (7.22), according to Evolving Hockey.
Despite being swept by the Winnipeg Jets in the first round of the Stanley Cup Playoffs, Smith registered a .912 save percentage.
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