Following an emotional speech after he was awarded the Bill Masterson Memorial Trophy at the NHL Award Ceremony in Las Vegas, Jose Theodore confirmed to Tarik El-Bashir that he will not be re-signed by the Washington Capitals this offseason:

"We had a good talk," Theodore said. "I enjoyed my time in Washington. Two great years. Winning percentage, stats-wise, it was fun to play for the Caps. But things in the new NHL, they are, they're going to go with the young kids [Semyon Varlamov and Michal Neuvirth] and I respect that."

"I have nothing but good words to say about this city, especially the fans and the organization," he added. "With the way I finished last year, I'm just looking forward to next season."

Theodore said he is willing to mentor a young goaltender but still believes he can be an effective starter in the NHL.