The 26-year-old Yip has played in just 10 games this season with the Avalanche due to arm and groin injuries, and has been held without a point. He has tallied 23 goals and 18 assists in 113 career games, all spent with the Avalanche.
Smithson was placed on IR on January 8 due to a lower-body injury. In 41 games this season, Smithson has one goal and three assists. He has 36 goals, 52 assists and 336 penalty minutes during his nine-season career.