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Capitals sign Nicklas Backstrom to 10-year, $67 million deal

May 17, 2010, 11:00 AM EDT

Thumbnail image for backstromnicklas.jpgYesterday, 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.

  1. Matt Reitz - May 17, 2010 at 12:14 PM

    Its amazing that Backstrom will only be 33 at the end of this contract. Even if he just maintains his production (and doesnt continue to improve at the same rate), the Caps got a player at $6.7 per year during his prime. On Backstrom’s side of it, you have to think that he’d be in line for another decent contract at 33 if he stays healthy….

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