Alex Ovechkin Contract: Salary for Capitals Star

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Washington Capitals left wing Alex Ovechkin (8), of Russia, carries the Stanley Cup during introductions and a banner raising ceremony before an NHL hockey game against the Boston Bruins, Wednesday, Oct. 3, 2018, in Washington.
(AP Photo/Nick Wass)
BetMGM Staff @BETMGM Jul 01, 2024, 12:00 PM

Left Wing Alex Ovechkin signed a contract extension with the Washington Capitals before the 2021 season, keeping him home through his age-40 season.

Alex Ovechkin Contract

In June 2021, Alex Ovechkin signed a five-year, $47.5 million contract extension with the Capitals that runs through the 2025-26 campaign.

One of the highest-paid Capitals players, Ovechkin has spent his entire career in Washington after being selected No. 1 overall in the 2004 draft.ย 

His total career earnings is $150,720,893.

Alex Ovechkin Salary

Ovechkin has an average annual salary of $9.5 million for the remainder of his contract:

  • 2024-25: $9.5 million
  • 2025-26: $9.5 million

Ovechkin will be an unrestricted free agent in the summer of 2026 at 41 years old.

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Our BetMGM authors are sports experts, with a wealth of knowledge of the sports betting industry at all levels. Their coverage includes sports news across players, teams and coaches, providing betting previews and predictions, fun facts and more.