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I’m good. And I think for [Backstrom], he knows everybody here, he knows this area, and he grew up here, and basically the same happen with me and with the other players.”. Leonsis and the Caps had the last laugh, as Ovechkin is one of the greatest goal scorers of all time and has a Stanley Cup win under his belt. Ovechkin, 34, said Wednesday that he is in no rush to sign with the organization, and he believes Leonsis and General Manager Brian MacLellan think the same. Brian MacLellan provided updates on several issues facing the Capitals, including additional details on Ilya Samsonov’s injury, a timeframe for extending Alex Ovechkin’s contract… Last night, Ovechkin … For now though, Ovechkin and the Caps as a whole can focus on winning another Stanley Cup. Capitals management has offered the team captain a contract with a term of three to five years with an average salary of $9.5-10 million per season. Playing in the final season of his rookie contract, in 2007–08, Ovechkin signed a 13-year contract extension worth $124 million with the Capitals on 10 January 2008.The contract, which averages $9.5 million per year, was the richest in NHL history. 1 center,” Ovechkin said. Goaltender Braden Holtby’s situation is different.

And I say 'yes, I wish it was 15 years!' ". There's also an issue fo the salary cap. Agent fees typically can range from 3 to 5 percent.

We are now down that road, and no one in Washington is second-guessing any part of this contract. RELATED: PLAYING IN EMPTY ARENA WON'T BE A PROBLEM FOR HOLTBY.

“I couldn’t imagine that guy being anywhere else. “It’s important that he will stay here for a long time and how he said he wanted to make sure he stay here in Washington, and it’s just great. We're going to wait and assess where we're at at the end of the year and make decisions then.".

Of course, you make things work for a player of Ovechkin's caliber, but the challenges still remain.

This contract has an AAV of $9,538,462. "If you get a young player and they're a part of building your culture, and the team and the culture really becomes theirs, right, that's the key thing," Leonsis said. Deals like Ovechkin's are now illegal in the NHL due to the reworked collective bargaining agreement, but before that deal was signed, Ovechkin could've signed anywhere after his rookie contract was up. CLICK HERE TO SUBSCRIBE TO THE CAPITALS TALK PODCAST. When this deal was signed, Ovechkin had 130 goals in 2 1/2 seasons. This accounts for 18.96% of Washington’s salary cap. Leonsis recalls the former commissioner saying.

"And so if you're gifted, and you're gonna get paid in the NBA, why go play and be the third wheel?

Attention now turns in part to Ovechkin’s own contract situation, knowing that Backstrom’s extension will carry him through the 2024-25 season. All parties can focus solely on the second half of the season, with the Capitals leading the Metropolitan Division with 67 points ahead of Thursday’s game against New Jersey.

Leonsis noted. The Capitals will begin Round Robin play Monday and if everything goes well, will play into late September. The Buffalo Sabres have signed forward Taylor Hall to a one-year contract worth $8 million, the team announced Sunday. Until the playoffs conclude, the team won't be discussing an extension with their franchise player.

They navigated the playoff losses together, never splintering despite the frustrations. Stay connected to the Capitals with the MyTeams app.

Leonsis had just signed Alex Ovechkin to a 13-year extension worth $124 million.

Ovechkin’s 13-year, $124 million contract …

He asked me some advice. "I think it's constantly been changing the whole year. "Now people say, 'Do you have any regrets on Alex Ovechkin's 13-year deal?' I’m happy that it’s done.”. They can maybe push some other buttons that players can’t, but at the same time, it is not going to be that big of a difference.”. Alex Ovechkin was always going to be eligible for a contract extension on July 13, but current circumstances have created an unprecedented situation.

Ovechkin’s 13-year, $124 million contract is set to expire after next season. Alex Ovechkin was always going to be eligible for a contract extension on July 13, but current circumstances have created an unprecedented situation. It doesn't appear Ovechkin's future with the team is in jeopardy, as neither side has shown any intentions of not coming together on a deal. If Ovechkin wants a long-term deal for big money, the flat cap will make it difficult for the Caps to realistically make that happen. “Why not?” Backstrom said when asked whether he would recommend negotiating their own deals to other players. “That’s awesome,” Holtby said. The most important news stories of the day, curated by Post editors and delivered every morning. "Alex Ovechkin would've been the most coveted free agent of all time, right, in the NHL," Leonsis said of why he gave Ovi a monster deal. He’s well deserving.”. He knew his close friend and linemate was too crucial for the franchise to let go, so Backstrom’s five-year, $46 million deal announced Tuesday came as no surprise. They can talk money later. With Ovechkin and John Carlson, they joined the franchise when they were young, single and still learning the ins and outs of the game. Keeping Ovechkin was a big part of creating the new culture of the Capitals, and Leonsis believes keeping that talent and nurturing is even more important in the NBA. Ovechkin, 34, has been eligible to sign a contract extension since July 13, 2020 -- three days…

"I said, 'thank you Mr. Commissioner, I appreciate it' and he hung up on me.". However, he was happy Backstrom re-signed. “Yeah, I was obviously happy for him, for [his] family, for this organization, for fans,” Ovechkin said. This echoes Ovechkin's sentiments on the day he became eligible for a new deal, where he said was "not even thinking" about it. Nicklas Backstrom re-signs with Capitals for five years, $46 million, “I was pretty comfortable because I knew 100 percent that he will sign because he’s our No.

Ovechkin, a three-time league MVP, has enjoyed an impressive start to the new NHL season, becoming the first player in 100 years to score a hat-trick in the first two games of a campaign. Ovechkin now can stop his regular checking in on how Backstrom’s contract talks were going. "That's the dumbest thing I've ever heard.

“That makes it easier to, you know, still focus on hockey when you know what everyone else is going through trying to figure out actually how to have responsibilities. When asked jokingly whether Ovechkin would think about hiring Backstrom as his agent, Ovechkin quipped: “No. Alex Ovechkin's contract in 2008 was the first $100 million deal in NHL history. A new deal for Ovechkin is a high priority for a Capitals franchise looking to make another Stanley Cup run with its captain before he retires. You will regret this decision for the rest of your life!"

At the same time, agents are doing a great job as well. He’s been our heart and soul here for a lot of years. Washington Capitals captain Alex Ovechkin never had a doubt Nicklas Backstrom would re-sign with the organization. “He’s a top guy in the league, and the organization don’t let him go. He cannot sign an extension with the Capitals until July 1. By signing up you agree to our Terms of Use and Privacy Policy, Reporter covering the Washington Capitals. Click here to download for comprehensive coverage of your teams. “You got all the statistics on paper, and if you are a person that you are comfortable with yourself and you know where you are at in the game, I think there is no downside to it. Ovechkin is coming off a historic 13-year, $124 million contract that netted him $9.538 million per season. Typically when you think Tom Haberstroh and Ted Leonsis, you'd think they'd talk strictly about the Washington Wizards.

The Capitals will begin Round Robin play Monday and if everything goes well, will play into late September.

Just real life stuff.”, Capitals’ T.J. Oshie voted into first NHL All-Star Game, Alex Ovechkin reminisces on 10 years as Capitals’ captain, Alex Ovechkin reaches another milestone in Capitals’ win over Hurricanes.

Holtby, who is on the final year of his five-year, $30.5 million deal, said his situation has not changed and that any contract talks with the Capitals are on hold until after the season.

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