Ovechkin Signs Record Contract

It was reported very early at On Frozen Blog, TSN then said "Hang on a sec..." and now TSN is declaring it officially finished.

Yes, Alexander Ovechkin has shockingly re-signed with the Washington Capitals. My condolences to all Habs and Preds fans.

"What's the price?" you might be asking? Well it's the steepest price in history. It weighs in at a 13 years and a whopping $124M US. I have trouble fathoming having that amount of money.

"What is he going to do with it?" you might ask next? Whatever the hell he wants!

Alexander Ovechkin now has the richest contract in the NHL and the dollar values are well-deserved. He's scored more goals over the past 3 years than anyone in the NHL and he did it with virtually nobody around him.

However that begs the question of how you build a team when nearly 1/5th of your cap amount is going towards one player?

Add in contracts to Michael Nylander and Alexander Semin, both around $4.5M next year, and you've got the makings of a Tampa Bay Lightning squad.

Of course for now they have Olie the Goalie to shore up the pipes but he's a UFA at the end of the year and is 37 years of age.

He's not a long-term solution and they may not be able to afford a top-tier goaltender once they fill up their roster for next year.

Hopefully Mr. Mcphee can pull it off and start drawing some crowds so the other teams aren't paying for the privilege of having Ovechkin score against them!