January 10, 2008

Ovechkin Staying in Washington

News is currently breaking that the Capitals have signed Alex Ovechkin to a six-year deal that will pay him $54 million. His $9 million a year would make him the highest-paid player in the NHL and many would agree he deserves it as Ovechkin has scored the most goals over the past three season. This is a very important deal for Washington as there has been a lot of speculation over the past few weeks about his contract status adn future in the nation's capital.

Plain and simple, if there's no Alexander Ovechkin in Washington, how much longer would they have been able to survive? His electric play and ability to score highlight reel goals have brought a sense of revival in Washington, much like what's going on Pittsburgh. The Capitals have a nice crop of young players in Mike Green, Brooks Laich, Alexander Semin, and Nicklas Backstrom. They may not all gel together as quickly as the Penguins core has, but give the team a few years and we'll see Washington as a viable contender yet again.

Kudos to On Frozen Blog

UPDATE: Well, looks like those early reports were off as it has been announced that Ovechkin has signed a 13-year, $124 million deal. Tremendous deal for the Capitals.

Ballhype: hype it up!


Ken said...
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The Puck Stops Here said...

Define tremendous. Tremendous amount of money spent by the Capitals? While Ovechkin appears worth the money now can anyone seriously project 13 years into the future? Players who looked about as good as Ovechkin at this point in their careers like Bobby Orr, Lindros and Forsberg didnt last that long. Mario lemieux barely lasted that long and with a lot of time lost to injuries. Its a big risk for the Caps. But not one to George McPhee. If Washington loses Ovechkin, he likely loses his job. So Washington keeps Ovechkin. If the contract becomes a mistake, McPhee likely loses his job, but thats tomorrow's probem - not todays.

Sean said...

Tremendous meaning Washington has the league's most exciting player locked up until he's 35 and a valuable marketing asset. You can't predict injuries, otherwise every single contract for a player would be only one-year.

A team like Washington needs to take this "risk" because otherwise they might not exist for much long without someone like OV waking up the hockey ghosts in DC.

The Puck Stops Here said...

Washington existed since 1976. They are not one of the teams that is most on life-suffort from the recent expansion.

Do you recall the contract Washington signed Jaromir Jagr to? It sure paid big dividends ... for the Rangers. This contract is more risky because it is longer.

From a George McPhee standpoint who cares? He will be long gone before the most problematic years are upon us.