Its a bad deal. The assets involved in this trade are low risk, especially if the Hickey rumours are true; however, Smith comes with too many question marks for my liking. Even if Smith's play doesn't drop off a cliff due to age, the Flames will have the worst goaltending out of any team they will meet in the playoffs.
If the goal is just make the playoffs it is all well and good, but then we could've just went with a goalie like Elliott. The way I see it we spent future assets and didn't address that glaring weakness(yet).
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