Former Pittsburgh Penguins forward Reilly Smith will not be hitting the free-agent market on July 1.
According to TSN's Chris Johnston, the Vegas Golden Knights have signed Smith to a one-year, $2 million contract extension for the 2025-26 season. In addition, Johnston reported that Smith's new contract has a full no-trade clause.
Reilly Smith signs a one-year extension with Vegas worth $2M. Deal includes a no-trade clause.
— Chris Johnston (@reporterchris) June 25, 2025
Smith spent the 2023-24 season with the Penguins after the Metropolitan Division club acquired him from the Golden Knights in exchange for a 2024 third-round pick. During his lone season as a Penguin, Smith recorded 13 goals, 40 points, and a plus-3 rating in 76 games.
Smith's time with the Penguins ended during this past off-season, as Pittsburgh traded him to the New York Rangers in exchange for a conditional fifth-round pick and a 2027 second-round pick. After posting 29 points in 58 games with the Rangers this season, he was traded back to the Golden Knights near the deadline. In 21 games with the Golden Knights following the trade, he had three goals, 11 points, and a plus-11 rating.
The Golden Knights keeping Smith around on this cheap one-year deal is understandable. The former Penguins winger has had the most success of his NHL career with the Golden Knights, and it will be intriguing to see what kind of season he puts together in Vegas in 2025-26 from here.
Penguins Getting Rangers' Pick Is Win-Win For Both SidesOn Tuesday, the New York Rangers announced that they would give the Pittsburgh Penguins their 12th overall pick in the 2025 NHL Draft instead of sending them their 2026 pick.
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