Report: Ovechkin signs long-term deal
Earlier today, Alexander Ovechkin, accompanied by family and an attorney, walked into the Washington Capitals’ team offices in Arlington, Va., reviewed with counsel terms for a new contract with the club, and agreed to a six-year pact that will pay him $54 million.
Despite some silly trade talk the past few weeks, this isn't a surprise, and the deal falls right about in the range I'd expected it would. It's nice to see the Capitals will have their face of the franchise for some time to come, as if anyone deserves a little good news, it's owner Ted Leonsis.
Yes, Ovechkin gets a larger deal than the five-year, $43.5-million contract Sidney Crosby signed in July, but he signs for an extra year and given he's two years older than The Kid, will be locked up quite a bit longer into free agency.
Ovechkin will be 28 when this deal finishes in 2014; Crosby's pact ends at age 25 in 2013.
The problem in Washington is much the same as what Atlanta faces with its soon-to-be free agent star Marian Hossa, as with little team success to speak of, there's a bit of a show-me-the-money approach. I believe this deal, at $9-million per season, makes Ovechkin the highest-paid player in the league next season.
While he does need to continue to work on his defensive play, Ovechkin's one of the true offensive stars of this league, and is on pace for his first-ever 60-goal season. (No one's managed that many since Mario Lemieux 12 years ago.)
The Capitals are on the rise, with a 10-4-3 record since Dec. 1.
UPDATE TSN says the deal has yet to be finalized. I imagine something will be confirmed here in the near future.
UPDATE It's a done deal, but the terms are far bigger. TSN also has a great highlight package of Ovechkin's top 10 moments.