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.
- Armstrong: ‘Let’s live to fight another day’ 0
- Hitch needs ‘time to reflect’ before making decision on future 17
- Rutherford admits mistakes, but has support of Penguins ownership 8
- Wings’ Kronwall has hearing today for hit on Kucherov 39
- Kucherov isn’t going to ‘cry’ about Kronwall hit 38
- Nothing but Kuznetsov: Caps best Isles in Game 7 26
- Not done yet: Lightning earn Game 7 against Red Wings 10
- WATCH LIVE: Tonight’s Stanley Cup Playoff action 0
- Blues owner ‘disappointed and frustrated,’ but not ready to ‘throw people under the bus’ 31
- Despite ‘step in the right direction,’ do Canucks need to alter core? 16
- It’s Done: Rangers eliminate Penguins in overtime (110)
- Another Blues campaign ends in disappoint as Wild advance (99)
- Bettman under fire after saying ‘Katy Perry’ chant wasn’t sexist (92)
- Friedman: Penguins need to ‘think about’ trading Malkin (89)
- Okposo blasts ‘idiot’ Wilson after physical outing versus Isles (82)