Penguins trade Reilly Smith to Rangers for picks
The Pittsburgh Penguins traded forward Reilly Smith to the New York Rangers for a second-round pick in 2027 and a conditional fifth-rounder in 2025, the teams announced.
Pittsburgh will receive the lower of New York's two fifth-round selections. The Rangers landed an additional pick by trading Ryan Reaves to the Minnesota Wild in 2022.
The Penguins are retaining 25% of Smith's salary in the deal, according to Sportsnet's Elliotte Friedman. Smith will count for $3.75 million against New York's cap before becoming an unrestricted free agent next summer.
Smith landed in Pittsburgh last summer via trade from the Vegas Golden Knights. He's now been dealt five times since 2013.
The 33-year-old produced 40 points in 76 games last season while averaging 16 minutes per night. Smith has five 20-goal seasons under his belt and won the Stanley Cup with Vegas in 2023.
The Rangers still have approximately $8 million in cap space to work with after the trade, according to CapFriendly.