The Edmonton Oilers have announced the re-signing of defenseman Ladislav Smid to a four-year, $14 million contract extension. Smid was eligible for unrestricted free agency this summer.

Ladislav Smid inks new contract with Oilers.

Ladislav Smid inks new contract with Oilers.

SPECTOR’S NOTE: The average annual salary is $3.5 million per season. Good move by the Oilers retaining not just their best defensive blueliner, but also among the best this season, ranking among the league leaders in hits and blocked shots. And no, this isn’t a “sign-and-trade” move by the Oilers.