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Smith was placed on waivers Thursday for the purpose of reassignment, Renaud Lavoie of TVA Sports reports.
Smith's demotion to the minors was only a matter of time, as the 'Canes have both Scott Darling and Cam Ward under contract as their goaltending tandem. The 28-year-old Smith did suit up in 10 NHL contests for the Avalanche last season, putting up decent results (5-8-1 with a 2.57 GAA and .911 save percentage) when you take his team context into account. Unless Carolina trades away Ward prior to the deadline -- or the injury bug bites -- Smith will spend most or all of the year with AHL Charlotte.
