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. 

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.

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.