Capitals Sign Nicklas Backstrom To 10-Year, $67 Million Contract Extension

  • Live
3 Total Updates since May 17, 2010
  • Updates 3
  • All Updates 3

Did Nicklas Backstrom Give The Capitals A Hometown Discount?

At first glance, it's hard to say Nicklas Backstrom is underpaid, considering he just signed a 10-year contract. At the same time ... well ... he kind of is underpaid, considering, at 22, he's already one of the five best offensive players in hockey. 

SB Nation's hockey blog From the Rink agrees. Mike Chen takes a look at several similar players and makes this conclusion.

Did Backstrom give a bit of a hometown discount? It seems like based on the four guys listed above, Backstrom could have received more. And the other thing to keep in mind is that Backstrom is foregoing his second contract extension, typically given in the 27-29 range -- that's where players really break the bank. Perhaps the new unofficial ceiling for star players not named Sidney Crosby or Alex Ovechkin is $7 million. That seems to be the case for recent extensions involving young players after a few good years.

The part about the second contract is the key here. Non-hockey fans might freak out at the 10-year contract, but as Chen notes, that's what it takes to keep talent in the NHL. Considering the Capitals won't have to deal with Backstrom being a free agent when his market value is likely to be highest, it was worth it to lock him up.

For his part, Backstrom was pretty sensitive about the subject in today's press conference, as noted by Tarik El-Bashir.

"I don't want to answer that," Backstrom said when asked if he accepted less money for the stability of a decade-long deal. "I am just happy to be here."

Pressed on the subject, he added, "I think this was the fair value."

I feel for him. It's a tough question to answer, especially when the press conference is supposed to be his coronation. 

Continue

Corey Masisak Compares Backstrom's Contract To Other Players Like Him

Over at Comcast Sports Net, Corey Masisak takes a look at how Nicklas Backstrom’s contract compares to some other young high-scoring forwards in the NHL. Check out the list here.
Continue

Capitals Sign Nicklas Backstrom To 10-Year, $67 Million Contract Extension

As long as Alexander Ovechkin is around for the next decade, his running mate might as well be too. That's clearly what the Capitals figured, because they're reportedly going to sign center Nicklas Backstrom to a new 10 year, $67 million contract, according to Tarik El-Bashir of the Washington Post.

Bashir has more details on Backstrom's extension here.

Nicklas Backstrom's contract escalates from $6 million to $8 million, I'm told. It breaks down like this: $6 mil., 6, 6, 6, 6.5, 6.5, 7, 7.5, 7.5 and 8.

Ten years might seem like a lot, but Backstrom's probably a bargain at that price. As long as Ovechkin is around until his mid-30s, it makes sense to lock up his 22-year old running mate for a decade too. Backstrom wasn't the problem with the Caps in the playoffs this year, so there's really no reason to give him an out when he's just hitting his prime. 

Continue
X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SB Nation DC

You must be a member of SB Nation DC to participate.

We have our own Community Guidelines at SB Nation DC. You should read them.

Join SB Nation DC

You must be a member of SB Nation DC to participate.

We have our own Community Guidelines at SB Nation DC. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.