Alex Ovechkin sticking with Washington Capitals for five more seasons

It was basically a foregone conclusion that Alex Ovechkin was going to return to the Washington Capitals, but it wasn’t expected to be for this long!

The team announced today that they have signed their franchise player Alex Ovechkin to a five-year, $47.5 million contract.

According to ESPN’s Pierre LeBrun, the deal is structured as follows: $1 million salary with a $4 million signing bonus in 2021/22, $1 million salary with a $9 million signing bonus in 2022/23, $1 million salary with a $11.5 million signing bonus in 2023/24, $5M salary with a $6 million signing bonus in 2024/25, $5 million salary with a $4 million signing bonus in the final year of the contract in 2025/26.

The 35-year old, whose spent his entire NHL career with the Capitals organization, has posted 730 goals over a span of 16 seasons and 1,097 career regular season games.