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Ovechkin signs with Dynamo Moscow of KHL

Sep 19, 2012, 10:45 AM EDT

Ovechkin

Alex Ovechkin has joined his boyhood club in the KHL, according to the team’s website. The locked out captain of the Capitals spent four seasons with Dynamo Moscow before coming to the NHL, and now he’ll spend at least part of one more.

Ovechkin’s salary is reportedly worth 65 percent of the $9 million he was set to earn in Washington this season, so just under $6 million.

No, it’s not tax-free, but it’s more than most NHLers (if not every NHLer) will be making in salary during the lockout (not counting signing bonuses).

Related: A lockout will hurt some players more than others

  1. xaf605 - Sep 19, 2012 at 11:46 AM

    Will play for less money in russia but wont play for the nhl explain this i dont get it

    • bhawksrule - Sep 19, 2012 at 12:26 PM

      Not everyone in the NHL makes as much as him so 65% of that is still bank for Alex but you do make a good overall point that these guys are basically all taking pay cuts to go play overseas instead of taking pay cuts to play in the NHL.

    • stakex - Sep 19, 2012 at 3:22 PM

      You don’t get it because you’re not looking at this right.

      Hes playing for less money right now because hes getting paid absolutely nothing in the NHL, and this will only be for at most one season.

      Just so you know, the $3 million less he will make playing in the KHL this year is pretty small compared to the amount of money the NHL wants to roll back on his contract. So if the players win this fight, Ovechkin will have saved a lot more money in the long run.

      Not to mention I don’t think you lose a year off your contract during a lockout. So Ovechkin (and all the players) are just making extra money right now while they wait for the new CBA… not taking less.

    • hockeyflow33 - Sep 19, 2012 at 3:58 PM

      Because he’s expecting the contract the two parties signed to be enforceable and valid

  2. xaf605 - Sep 19, 2012 at 5:46 PM

    Im not on either side but i think the players will not win their fight the owners have all the money and now see players jettison for less money overseas that gives them all the more reason to offer them less if they are willing to play for less overseas why not play for less in nhl sometimes less is more

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