Capitals extend C Backstrom on five-year, $46M deal

Capitals extend C Backstrom on five-year, $46M deal

Capitals re-sign Nicklas Backstrom to 5-year, $46 million deal

He has 26 assists and nine goals in 39 games entering Thursday's home game against the New Jersey Devils.

Washington Capitals center Nicklas Backstrom inked a new $46 million contract extension to remain in D.C. for the next five seasons on Tuesday. As TSN Hockey Insider Pierre LeBrun notes, Backstrom negotiated the deal by himself, acting without an agent.

Backstrom comes from one of the best bargain deals in hockey, earning a cap of $ 6.7 million over 10 years.

The deal will carry an average annual value of $9.2 million for Backstrom, who will turn 33 later this year. This likely factored into negotiations, as he's getting quite the raise to a $9.2 million cap hit.

The 32-year-old has 36 goals and 106 points in 123 career playoff games and contributed five goals and 23 points in 20 games as the Capitals won the Stanley Cup in 2018. However, a certain context is required. What is fascinating is that it was the same percentage of cap hits that he had achieved in 2008 when he signed the contract.

This deal could create some cap concerns down the line, however. However, the Seattle expansion draft could allow the Capitals the opportunity to get rid of an expensive deal.

Backstrom has been the Robin to Alex Ovechkin's Batman for his entire career. He is completely satisfied with this role and he played this role wonderfully.

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