Jul 27, 2021
Ovechkin Signs a 5-Year, $47.50M Deal with the Capitals
Cap Hit
$9,500,000$9.50M
Term
5 years
Total Value
$47,500,000$47.50M
% of Cap
11.7%
Signing Status
UFA
2022 age 35
Expiry Status
UFA
2026 age 40
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Contract Breakdown
Alex Ovechkin signed a 5 year, $47,500,000 contract with the Washington Capitals on Jul 27, 2021. The contract has a cap hit of $9,500,000 and expires at the end of the 2025-26 season.
Abbreviated $Amounts
|
2021-22
|
2022-23
|
2023-24
|
2024-25
|
2025-26
|
2026 |
|
|---|---|---|---|---|---|---|
| Cap Hit | $9,500,000$9.50M | $9,500,000$9.50M | $9,500,000$9.50M | $9,500,000$9.50M | $9,500,000$9.50M | UFAage 40 |
| AAV | $9,500,000$9.50M | $9,500,000$9.50M | $9,500,000$9.50M | $9,500,000$9.50M | $9,500,000$9.50M | |
| Base | $4,000,000$4.00M | $1,000,000$1.00M | $1,000,000$1.00M | $5,000,000$5.00M | $5,000,000$5.00M | |
| Performance Bonuses | - | - | - | - | - | |
| Signing Bonuses | $1,000,000$1.00M | $9,000,000$9.00M | $11,500,000$11.50M | $6,000,000$6.00M | $4,000,000$4.00M | |
| Total Salary | $5,000,000$5.00M | $10,000,000$10.00M | $12,500,000$12.50M | $11,000,000$11.00M | $9,000,000$9.00M | |
| Minors Salary |
$5,000,000$5.00M
|
$10,000,000$10.00M
|
$12,500,000$12.50M
|
$11,000,000$11.00M
|
$9,000,000$9.00M
|
|
| Clauses |
NMC
M-NTC
|
NMC
M-NTC
|
NMC
M-NTC
|
NMC
M-NTC
|
NMC
M-NTC
|
|
| Year Type | UFA | UFA | UFA | UFA | UFA | |
| UFA Year | ||||||
| Buy Out | Buy Out |
Notes
NMC; 10 team No Trade List
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