Smyth To Colorado Done, Pending Avs' Acceptance
Today @ 10:37 PM ET | Comments (30)
TORONTO (July 1) -- Ryan Smyth has instructed agent Don Meehan to proceed with the Colorado Avalanche, accepting a five-year contract worth $31 million. Contract breaks down as follows:
Year 1: $8 million ($4 million salary/$4 million signing bonus)
Year 2: $7.25 million
Year 3: $6.5 million
Year 4: $5.25 million
Year 5: $4.0 million
Contract has a no-movement clause.
Meehan has told Avs' GM Francois Giguere that Smyth is his if he accepts all terms of the deal. Could be done soon.