Reilly Smith has officially re-signed with the Vegas Golden Knights, agreeing to a one-year contract valued at $2 million. This deal includes a full no-trade clause. As one of the original "Misfits" from the franchise's inaugural season, Smith was pivotal in the Knights' Stanley Cup victory in 2023. After a brief stint with the Pittsburgh Penguins, he returned to Vegas during the last season's trade deadline. Last year, he recorded 40 points, 11 of which came during his return with the Knights.

Securing Smith at a cap-friendly rate allows Vegas GM Kelly McCrimmon to strategize aggressively in the upcoming free agency. The team may need to navigate potential roster changes, especially with Alex Pietrangelo's ongoing health issues, which could lead to his placement on long-term injured reserve.