04/01/2013 02:21 EDT | Updated 05/31/2013 05:12 EDT

Oilers sign Ladislav Smid to 4-year extension

The Edmonton Oilers announced early Monday that defenceman Ladislav Smid will not head to free agency, signing a four-year extension with the club.

The Oilers announced the move, rumoured Sunday, on their Twitter feed. The deal is worth $14 million US.

The 27-year-old, who was scheduled to become a free agent this summer if he can’t reach a deal with the Oilers, had five goals and 15 points during the 2011-12 campaign.

The Czech native has scored only one goal and three assists this season.

Smid has played all 443 NHL regular season games with Edmonton, totalling 10 goals, 52 assists and 361 penalty minutes, with a minus-40 rating.