Smith agreed to terms on a two-year, $4.4 million pact with Edmonton on Thursday, Jason Gregor of OilersNation.com reports.

Smith is coming off a solid regular season in which he went 21-6-2 with three shutouts, a 2.31 GAA and .923 save percentage in 32 appearances. Unfortunately, the veteran netminder flopped in the playoffs, getting swept by Winnipeg while posting a .912 save percentage. Heading into the upcoming season, Smith should continue to see the bulk of the workload but may have to share some of the starts with Mikko Koskinen and/or Alex Stalock.

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