Honestly, does it surprise anyone that Alexander the Great inked the richest deal in franchise and league history?
The Washington Capitals announced yesterday that Ovechkin signed a 13-year, $124-million dollar contract that will have him in a Caps uniform until he is 35. It’s not quite as long as Rick DiPietro’s 15-year deal but it’s certainly richer as reports have the first 6 years paying the young Russian forward $9m a season and then $10m a season for the remainder.
Now maybe all the “Ovechkin Trade!” rumors will go away. Let’s face it, Ovechkin wasn’t going anywhere. Even if a deal wasn’t signed by July, the Capitals had the option to match any offer sheet thrown his way and they would match it regardless of amount. Losing their franchise player, possibly the best player to ever wear a Caps uniform would’ve been devastating. Second only perhaps to Sidney Crosby, Ovechkin is the most marketable player in the league.
A lot of people are probably wondering why Alexander the Great is being paid more than Sid the Kid even though the latter is the reigning scoring champ and league MVP. This comes down to several factors, really. There’s absolutely no doubt that the Penguins would’ve signed Crosby for similar money given the chance but the Penguins and Capitals are very different teams right now. The Penguins have what I like to call “The Scottie Pippen Conundrum”, where they’ve drafted one world class player after the next and now have a team full of budding superstars. Crosby attracts most of the attention but let’s not forget about Evgeni Malkin, Jordan Staal, Ryan Whitney and Marc-Andre Fleury as well as up-and-commer Kris Letang. Malkin and Fleury will surely demand superstar money when their years are up so Crosby has to accept a bit of a discount to hold the team together as long as possible.
Washington doesn’t have the same problem, really. No offense to Alexander Semin and Niklas Backstrom but the Capitals will be near the bottom-of-the-barrel for a few more years, especially if the underrated Olaf Kolzig retires anytime soon.
- In other news, the Dallas Stars re-signed Mike Ribeiro to a $25m, 5-year extension. Ribeiro wasn’t spectacular last year, putting up 59 points in 81 games but this year, he’s on a tear with 48 points in 43, on pace for a career year. Honestly, I never liked this guy after that whole incident when he still played in Montreal where he collapsed on the ice and then laughed when everyone in the building showed concern for his well-being but if he continues to put up the stats, this signing will be a bargain for the Stars. However, if he returns to his usual 50-60 points a year, then the Stars will have added another overpaid member to their lineup.
- Speaking of bargains, how about the deal the Detroit Red Wings got for veteran netminder Chris Osgood at an average of $1.5m over the next three years. Sure, he isn’t getting any younger at 34 but he’s 19-2-2 for the year and owns the leagues best save percentage. That’s one hell of a deal and the almighty Red Wings still have over $5m in salary cap space, which is no small wonder considering they have two top d-men getting $6m or more. However, this will probably end next year when they’ll most likely offer an extension to Henrik Zetterberg. Hell, maybe the ageless Dominik Hasek is up for another season too.


