The Washington Capitals have re-signed Alex Ovechkin to a five-year extension worth $47.5 million, a $9.5 million salary cap hit.
2021-22: $1 million salary $4 million signing bonus
2022-23: $1 million salary $9 million signing bonus
2023-24: $1 million salary $11.5 million signing bonus
2024-25: $5 million salary $6 million signing bonus
2025-26: $5 million salary $4 million signing bonus
Samantha Pell: Capitals GM Brian MacLellan: “Alex is the face of our franchise and is committed to this organization and this city. 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.