Caps Lock Up Backstrom for 10 Years

Ovechkin's center signs new contract

By Jim Iovino
|  Monday, May 17, 2010  |  Updated 3:53 PM EDT
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Quotes from Nicklas Backstrom News Conference

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Nicklas Backstrom

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One-on-One With Nicklas Backstrom

Lindsay Czarniak goes one-on-one with Nicklas Backstrom.

Quotes from Nicklas Backstrom News Conference

Nicklas Backstrom, Bruce Boudreau and George McPhee discuss Backstrom's new 10-year contract.
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Every great NHL winger needs a dynamic center. Nicklas Backstrom has been Alex Ovechkin's good-hands man for several years, and the pair will be together for a lot longer after the Swede signed a 10-year deal with the Capitals.

The deal was announced Monday, but there was hardly any surprise to it after the Caps issued a release Sunday about a "significant player-related announcement" and Monday presser.

The only question was how long and for how much. The deal is said to be worth $67 million, putting his average salary at a relatively cheap rate compared to other centermen around the league. Last year 10 centers made $7 million or more, including Chris Drury ($8.05M), Brad Richards ($7.8M) and Shawn Horcoff ($7M).

Shawn Horcoff? Who canceled?

Anyway, this move keeps the Caps' all-important top line together for years to come. Ovechkin signed his big 13-year, $124 million deal in 2008. Locking up Backstrom, 22, means the Caps have an incredible one-two punch to rival anyone in the league for the foreseeable future.

“He’s one of the top centers in the world, one of my best friends and we want to play together for a long time," Ovechkin said through the Caps' PR department. "He’s a guy who wants to stay in one place and be comfortable and win, just like me. We talk all the time about playing together, and we talked after the playoffs about how we can win in Washington."

Backstrom said knowing Ovechkin was staying in Washington for the long haul made it a no-brainer to want to return to the Caps.

"I wanted to play with him, and hopefully he wanted to play with me, too," Backstrom said. "I wanted 10 years, I wanted long term. Finally I got it and I think it's good that we're together."

But Backstrom's signing also makes future deals a bit tricky in relation to the league's salary cap. With Backstrom on board for next season at a $6.7 million rate, the Caps now have 14 players under contract for 2010-11 with a total payroll of $43.45 million, according to CapGeek.com.  That leaves the team with $13.35 million in cap space, but with a number of unrestricted and restricted free agents left to sign.

The unrestricted free agents from last season include Jose Theodore, Joe Corvo, Shaone Morrisonn and the toothless Eric Belanger.  Restricted free agents include Eric Fehr, Boyd Gordon, Tomas Fleischmann and Jeff Schultz.

That means the team has just over $13 million to re-sign any or all of them or to pick up other UFAs on the market once the free agency period begins.

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