A Star Is Signed: 6 Years, $54 Million for Alexander Ovechkin
Earlier today, Alexander Ovechkin, accompanied by family and an attorney, walked into the Washington Capitals' team offices in Arlington, Va., reviewed with counsel terms for a new contract with the club, and agreed to a six-year pact that will pay him $54 million.
Tomorrow, this very report will run in one Moscow newspaper, SovetskySport.
Well into next decade, Washington will be Alexander Ovechkin's hockey home.
We'll have more information from SovetskySport on Ovechkin's signing later this evening.
Updates: Dmitry Chesnokov's story in SovetskySport can be found here.
5:50 p.m.: Official word from the Capitals:
The Washington Capitals will announce a new contract with left wing Alex Ovechkin at an 8:30 p.m. news conference at Verizon Center, immediately following the team's Meet The Team Party for season-ticket holders.
6:40 p.m.: Word from the Meet the Team Party is that the contract is for 13 years.
6:41 p.m.: Tarik is reporting that the contract is worth $124 million.
7:17 p.m.: Ted just approached us at the season ticket holders' meet-n-greet with the players at Verizon Center and confirmed that the original deal we reported today was correct, in years and dollars, and then the team subsequently worked out an additional seven years -- for 13 total -- in the package. So basically, the team sat down at the table and presented 6 years @ $9M per (the original report), then a "second" contract was negotiated at the bargaining table to start after that term for $10M per year for 7 more years, for a $124M total.
9:35 p.m.: Here is the audio of the press conference. link
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