Arizona will retain 25 percent of Smith's salary, per TSN insider Bob McKenzie.
Arizona is picking up one-quarter of the cost of that contract to mitigate the charge against Calgary's salary cap.
It's possible Smith's numbers go up a little bit playing behind a much better team in Calgary but I still don't like this deal for the Flames. But the Flames are banking on Smith's numbers being reflective of Arizona's beleaguered team defense - one that has routinely exposed its netminders - not his capabilities in the twilight of his career. Smith is one of only a handful of National Hockey League goaltenders to score a goal - he turned the trick on October 19, 2013, against the Detroit Red Wings. Treliving was a member of Don Maloney's staff when the former Coyotes general manager signed Smith to his current deal, which now has two years remaining.
Smith has won a gold medal on two occasions, representing Canada at the 2014 Winter Olympics and at the 2015 World Championship as Canada's starting goalie, going 10-0 through the tournament. The Flames thought they had a goaltender that would shine behind that back line last season when they acquired Brian Elliott from the St. Louis Blues on draft weekend. In his first season with the Flamed C on his jersey, however, Elliott did not fair well.
Organizationally, the hope is that Smith cannot only help the Flames get to the playoffs, but that they can then do some damage once they're there.
Johnson was originally drafted by the Pittsburgh Penguins in the fifth round (125th overall) in the 2006 NHL Draft. Smith posted a 19-26-9 record for the Coyotes last season. Smith did lead the Coyotes to the Western Conference final in 2012.