NHL trade deadline: Ladislav Smid signs extension with Oilers

Jerome Miron-USA TODAY Sports

The Edmonton Oilers and defenseman Ladislav Smid have come to terms on a four-year, $14 million contract extension.

The Edmonton Oilers have come to terms on a four-year, $14 million extension with defenseman Ladislav Smid, according to an announcement by the team on Monday morning. The deal will begin next season and will carry an annual average value of $3.5 million against the salary cap.

The two sides were progressing in negotiations, according to a report by Jim Matheson of the Edmonton Journal on Sunday afternoon.

Smid was playing in the final year of a two-year, $4.5 million contract that carried an annual average value of $2.25 against the salary cap. If the two sides were unable to come to terms on an extension, the Oilers were expected to move the 27-year-old defenseman before Wednesday's trade deadline.

In Matheson's report, Smid acknowledged that negotiations were going well and that he was looking to make between $3.5 million and $4 million per season. He stated that a five-year, $3.5 million deal would satisfy him, as he is looking to remain with the Oilers, via the Edmonton Journal:

"Negotiations are pretty good right now. We have three days left, and I'm really hopeful we'll get a deal done. Obviously, we have to have something done by Wednesday. I would hate to be traded. We have a great thing going on now and I'd hate to leave."

Smid was originally chosen with the No. 9 overall selection in the 2004 NHL Entry Draft by the Anaheim Ducks. In 2006, he was included as a piece in the trade that sent Chris Pronger to the Ducks. He has played in 443 career NHL games (all with the Oilers) and has compiled 10 goals and 52 assists for a total of 62 points.

Smid currently ranks third amongst Oilers defensemen in average ice-time per game in the 2013 season, logging 20:12 over the span of 34 games. He also plays a key role on the team's penalty kill, as he is averaging 3:08 per game, the second most among Edmonton defensemen.

More in the NHL:

Kindl’s sweet backhand … on his own goal

Printable bracket for March Madness

Frozen Four set

All the NHL trade rumors

The best of our hockey network

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.