Alex Ovechkin signs five-year, $47.5M deal with Capitals
Washington Capitals left winger Alex Ovechkin (8) looks on before the game against the New Jersey Devils at Capital One Arena. Scott Taetsch-USA TODAY Sports

Alex Ovechkin signs five-year, $47.5 million deal with Capitals

Washington Capitals superstar captain Alex Ovechkin and club general manager Brian MacLellan both insisted in May that Ovechkin wasn't going anywhere and would eventually re-sign with the only NHL home he's ever known. 

That deal is now official. 

Per Tom Gulitti of the league's website, Ovechkin has signed a five-year, $47.5 million contract that carries an average annual value of $9.5 million to remain with the Capitals. 

The 35-year-old who has only played with the Capitals since they drafted him first overall in 2004 declared ahead of Memorial Day he wants to retire as a member of the organization. He negotiated directly with the club without using an agent as he did when he put pen to paper on a 13-year, $124 million contract extension in January 2008. 

"Alex is the face of our franchise and is committed to this organization and this city," MacLellan said for the prepared statement. "Alex embodies what our franchise is all about, and we're thrilled that he will continue his career in the Caps uniform for the next five years." 

Ovechkin famously guided the Capitals to their first and, to date, only Stanley Cup title in 2018 and could become the league's all-time leading goal-scorer before his latest contract expires. He is sixth in NHL history with 730 goals, while Wayne Gretzky holds the record of 894. 

Ovechkin and his wife, Nastya, became investors in National Women's Soccer League team Washington Spirit in May, which offered yet another sign his free-agency saga always only had one conclusion. 

"Alex is a world-class athlete who will forever be regarded not only for leading the team to achieve our ultimate goal of winning the Stanley Cup, but also for inspiring the next generation of fans and youth players," Capitals owner Ted Leonsis added. "The impact Alex has had on hockey in D.C. extends well beyond Capital One Arena. His performance on the ice has undoubtedly sparked countless new fans of the game and inspired more youth players to lace up skates of their own. Off the ice, Alex's impact is equally unmatched. Not only is he committed to the franchise, but also to the community, and we look forward to seeing him in the Capitals uniform for years to come." 

Zac Wassink is a football and futbol aficionado who is a PFWA member and is probably yelling about Tottenham Hotspur at the moment. Erik Lamela and Eli Manning apologist. Chanted for Matt Harvey to start the ninth inning of Game 5 of the 2015 World Series at Citi Field. Whoops. You can find him on Twitter at @ZacWassink

More must-reads:

Customize Your Newsletter


Get the latest news and rumors, customized to your favorite sports and teams. Emailed daily. Always free!

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.