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Capitals sign Neuvirth to two-year, $5 million extension

Apr 27, 2013, 10:18 AM EDT

Michal Neuvirth Getty Images

Caps GM George McPhee is doing his part to keep at least half of his goaltending tandem happy.

The team announced they’ve signed current backup goalie Michal Neuvirth to a two-year extension worth $5 million. He’ll cash in at $2.4 million next season and $2.6 million the following year. The deal is good for a cap hit of $2.5 million. He was due to be a restricted free agent this summer.

What’s curious about this extension is it puts Neuvirth ahead of current starter Braden Holtby on the salary list. Back in February, the Caps signed Holtby to a two-year, $3.7 million extension. His deal and Neuvirth’s deal will expire after the 2014-15 season putting them in a competition for the starting job til then.

It’s not a ton of money being burned against the cap, especially for goaltending, and both goalies are young and have playoff experience but you have to wonder what it makes Holtby think of what he’s done to help buoy the team in net this season and last.

 

  1. mclovinhockey - Apr 27, 2013 at 10:25 AM

    2 decent young goalies for under a total of 5 mill a year…. Not a bad move. Not really a big deal as well

  2. ravenscaps48 - Apr 27, 2013 at 10:43 AM

    I think this is trade bait. How can you sign him to a contract that’s worth more than your starting goalie?

    • 19to77 - Apr 27, 2013 at 11:24 AM

      Do they have a talented goalie prospect in the AHL to replace him, or do you think they’d be looking at the free agent market?

      • methodicaldrummer1011 - Apr 27, 2013 at 11:29 AM

        They have Philipp Grubauer down in Hershey. He’s made two NHL appearances so far, with a .915 SV%

      • ravenscaps48 - Apr 27, 2013 at 11:34 AM

        We have Grubauer at the AHL Level and Kostenko as a depth prospect. So to sum up my words, yes. We have prospects between the pipes.

    • trick9 - Apr 27, 2013 at 2:32 PM

      Easily? Because this is Neuvirth’s 3rd contract compared to Holtby’s 2nd. When Holtby eventually gets that next contract he will most likely be earning twice the money Neuvirth is earning with that new contract.

      And why trade him now? He hasn’t played enough to be traded, and with the kind of potential he has they would be stupid to deal him now (unless someone is willing to overpay him for his past stats). Keep him and play him more next year so he can prove that he can be a starter again in this league and then trade him for similar return as Varlamov. There is no reason to rush this now, it’s better for Grubauer to have more games in Hershey aswell instead of backing up Holtby next season.

      • ravenscaps48 - Apr 27, 2013 at 3:11 PM

        This is money that we can be using to re-sign Mike Ribeiro… THAT’s my point

      • trick9 - Apr 27, 2013 at 6:13 PM

        In all honesty how much would trading Neuvirth really free up? If you bring Grubauer to NHL as backup it will be bad for his progress because he won’t play much and if you don’t you’ll still need to sign a good backup which would take atleast 1.5m.

        I’d much rather see Neuvirth here until someone is willing to pay rightful price for him. Ribeiro is propably gone unless Ward and Schultz are traded, and he would still need to sign for bit less than he would get elsewhere because Caps need money for Alzner and Johansson aswell.

    • babykaby - Apr 28, 2013 at 8:35 AM

      McPhee said he spoke with Holts about it and he understood perfectly. Neuvy’s third contract and Holtby’s second. Holtby will get his. They all eventually do.

  3. capsfan19 - Apr 27, 2013 at 2:58 PM

    I agree with trick ha

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