This is the biggest joke of a waiver move I've ever seen in recent NHL memory. Smith will easily be claimed, if they wanted to get something cheap money-wise out of him they should've traded him.
The Sens are amazing me in the worst of ways as the days go by, and it upsets me because as much as I hate the Senators their fans do not deserve this crap at all. I'd literally be fuming if I was a Sens fan, and I'd be writing Melnyk a 100,000-word essay on why he should sell the team and post it on Reddit under my real name.
As for Zack Smith, my guess is gets claimed by either Dallas, Edmonton, Vancouver or New Jersey. Would be funny to see Colorado or San Jose claim him though.