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.
- Trade: Bieksa headed to California — but it’s Anaheim, not San Jose 1
- Trade: Jackets land Saad, Anisimov and Dano headed to Chicago 55
- Hamilton signs six-year deal with Flames 16
- Sharks get Jones from Bruins for first-round pick and unsigned prospect 40
- Hurricanes to buy out Semin 14
- Bruins are talking to teams about Savard, but not Rask 12
- Report: Richards part of police investigation 45
- UFA of the Day: Mike Green 4
- Agent: Franson has spoken with ‘half a dozen’ teams (Updated) 8
- Your 2015 HHOF Class: Fedorov, Housley, Lidstrom, Pronger, Ruggiero 39
- Trade: Flyers send Rinaldo to Bruins for 2017 third-rounder (105)
- Bypassing a buyout? Kings terminate Richards’ contract for ‘material breach’ (89)
- Trade: Flames land Dougie Hamilton for package of picks (75)
- Trade: Busy Bruins send Lucic to Kings (66)
- Consensus reached: 5 minutes of 3-on-3 OT could be in place for 2015-16 (60)