PuckDaddy: Capitals lock up Backstrom with 10-year, $67 million deal
By Sean Leahy
When the Washington Capitals' media relations department sent out a press release yesterday announcing a "significant player-related announcement on Monday", it could have only meant one thing. No, not that Alex Semin has been found, but that Nicklas Backstrom(notes) was set to sign a new contract.
This morning, the Capitals announced a 10-year, $67 million deal for the 22-year old centerman, with his deal expiring one year before Alex Ovechkin's.(notes)
The Washington Post's Tarik el-Bashir reports the breakdown is $6 million for the first four years, then $6.5 million for the next two, $7 million for one, $7.5 for years eight and nine, and then the final year will see the deal escalate to $8 million.
It was also announced that 2009 first-round draft pick Marcus Johansson signed an entry-level deal as well.
Backstrom was set to become a restricted free agent this summer and is cashing in off a career season that saw him finish fourth overall in the NHL in points (101), third in assists (68) and fourth in plus-minus (+37). Since his rookie campaign in 2007-08, Backstrom has seen increases in every one of his offensive categories and has yet to miss a game, regular season or playoffs, in his NHL career.
Giving Backstrom $6.7 million a season puts the Capitals at around $43 million for next season according to CapGeek.com, with nine other restricted and 11 unrestricted free agents for GM George McPhee to deal with this off season. Earlier this month, Commissioner Gary Bettman said at a press conference in Chicago that the 2010-11 salary cap wasn't expected to differ much from the $56.8 million limit for this season.
Washington had about $20 million in cap space heading into the off season and McPhee started his spending on a good note. Keeping the 101-point pivot alongside Ovechkin for the next 10 years will ensure a high level of productivity from the Capitals' top line.
----
Click
link for full article.