Didn't like Smith so far this season on Colorado (I'm an Avs fan first). No more than a 4th line C role is fine but I don't even expect him to play the whole season up here.
Don't care though, pretty happy to see Michalek gone because he's lost his hands and he was dragging down Kadri's production. Hopefully Kadri gets a better winger there, maybe Kapanen in the near-future (I used to want JVR there but I'm fine with them wasting JVR and Bozak together since they both look mediocre now).
They waived Michalek specifically so they could move Brown up the lineup and have him play with Kadri.
Also, Smith was brought in essentially to take draws on the PK, since we had Komarov and Hyman out there who aren't as adept in the faceoff circle.
Babcock mentioned both of these things himself yesterday after the moves were made, but I can't find the video anymore.