Coyotes, Smith making progress on new contract Staff

6/30/2013 12:07:54 AM

The Phoenix Coyotes and pending free agent goaltender appear to be making progress on a new contract.

According to TSN Hockey Insider Darren Dreger, the two sides are closing in on a six-year deal that would see the 31-year-old netminder make around $5.7 million per season.

In 34 games last season, Smith posted a 15-12-5 record with a 2.58 goals against average.

It's been a busy off-season for the Coyotes who locked up head coach Dave Tippett to a five-year deal earlier in the month.

Off the ice, the club which has been owned by the league since 2009 might have a new ownership group in Renaissance Sports and Entertainment, a group headed by Canadian investors, contingent on a new lease agreement with the city of Glendale.