Ovechkin Returns to Caps After One-Year Deal

The Financial Structure of Ovechkin's One-Year Deal

Alex Ovechkin signed a one-year contract with the Washington Capitals on Thursday, July 2, 2026, ending speculation about his retirement. The deal, worth $4.25 million against the salary cap, returns the NHL’s all-time leading goal scorer to a roster bolstered by significant offseason acquisitions including Alex Tuch and Jordan Kyrou. The Financial Structure of Ovechkin’s … Read more