May 17, 2010, 11:00 AM EDT
Yesterday, I wondered if the Washington Capitals would extend Nicklas Backstrom to a shorter, Crosby-like deal or lock him up with one of those “lifetime” contracts. It looks like the answer is the lifetime deal; the team announced today that they signed the talented Swede to a 10-year, $67 million contract.
For you non-math majors out there, that means that he’ll net the Capitals a $6.7 million cap hit per year, which is a great value for a player who already hit the 100-point mark.
Later today, I’ll analyze the impact of Backstrom’s contract on the overall salary cap picture for the Washington Capitals. If you want a sneak preview, though, keep in mind that the Caps could be in a really good situation if they make the right moves this summer. So far, so good.
- Brandon Saad brings championship experience to Blue Jackets 12
- Sharks sign Joel Ward to three-year deal 16
- Sabres lock up O’Reilly through 2022-23 56
- Locked in: Columbus signs Saad to six-year, $36M deal 25
- Oilers sign McDavid to entry-level contract 24
- ‘Hawks would like to re-sign Oduya, but still working through ‘financial hurdles’ 17
- Trade: Caps acquire Oshie from Blues for Brouwer, Copley and draft pick 73
- Voynov takes plea, gets 90 days in jail plus probation 60
- Curtains on Broadway: Martin St. Louis calls it a career 36
- Discuss: Where’s the best fit for Alex Semin? 23
- Blockbuster: Kessel traded to the Penguins (131)
- Trade: Flyers send Rinaldo to Bruins for 2017 third-rounder (105)
- Trade: Jackets land Saad; Anisimov and Dano headed to Chicago (93)
- Bypassing a buyout? Kings terminate Richards’ contract for ‘material breach’ (90)
- Trade: Caps acquire Oshie from Blues for Brouwer, Copley and draft pick (73)