Thought Smith was a solid AHL deal candidate, and find an ELC a bit surprising, but maybe guys left in that CHL Market have a bit more leverage since it's so small now and the ones left could commit to the NCAA in their own right. If that's not really a factor, then the org may just be high on him, considering all of the OA's signed last season were AHL deals.
Smith became pretty well-rounded this year. Skates and moves the puck well for a guy who is 6'5" 225 lbs. Been on NHL radars and made it to Red Wings' main camp last year.
I wouldn't be too surprised if he's Cyclones bound next season tbh based on then already for sure having Rifai, Chadwick, Prokop, Webber, Benning, and Sharpe in the mix