Alex Ovechkin signs one-year contract extension with Capitals

Alexander Ovechkin has signed a one-year contract extension with the Washington Capitals, the team announced on July 2, 2026. The deal includes a base salary of $1 million, a $4.75 million games-played bonus contingent on playing at least 10 games, and a $3.25 million signing bonus, resulting in a cap hit of $4.25 million. Ovechkin, the NHL's all-time leading goal-scorer, expressed his excitement about returning, stating, "I’m back! Thank you to everyone for giving me and my family the time to make this decision. I’m healthy. I love playing hockey and competing to win. I’m excited to come back and join my teammates so we can fight for a playoff spot and have a chance to win. See you in September, DC!" Last season, Ovechkin played all 82 games, scoring 32 goals and providing 32 assists for a total of 64 points. This contract represents a 50% pay cut for Ovechkin, allowing the Capitals more flexibility in their roster decisions for the upcoming season.