"I'm not gonna be selfish with this whole situation and demand this stupid contract that we're not going to be able to build a team around," Smith told the Arizona Republic. "I believe you don't put all your eggs in one basket. There's good players that make a lot of money, and I think I deserve a fair contract. By any means I'm not expecting to hit a homerun.
"The biggest part about me signing back here will be: Is the ownership group coming in, is this going to be a place that free agents are going to want to come and play and are they going to spend the money to make this a better team on an every-year basis? I think that's the most intriguing piece of the puzzle."
The Coyotes recently locked up GM Don Maloney to a new contract, but are waiting for their ownership situation to be resolved before re-signing Smith and head coach Dave Tippett.
Smith understands he has to wait, and that "there's not much Don can do, I don't think, until that happens or else we probably would have had a deal done by now if there was."