PITTSBURGH PA - FEBRUARY 21: Mike Knuble #22 of the Washington Capitals skates with the puck under pressure from Matt Cooke #24 of the Pittsburgh Penguins during the NHL game at Consol Energy Center on February 21 2011 in Pittsburgh Pennsylvania. (Photo by Christian Petersen/Getty Images)

Mike Knuble Signs One-Year, $2 Million Contract Extension With Washington Capitals

The Capitals have signed Mike Knuble to a one-year contract extension that will keep the 38-year old in D.C. through the 2011/12 season.

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Mike Knuble Contract Extension With Capitals Worth $2 Million

Mike Knuble has signed a one-year contract extension with the Washington Capitals that will keep him in Washington D.C. through the 2011/12 season. That contract extension is worth $2 million, according to a report by ESPN's Pierre LeBrun.

Mike Vogel of WashingtonCapitals.com reports the same number, though he adds that it does not include any possible incentives.

Knuble made $2.8 million each this season and in 2009/10, so this represents a bit of a pay cut for him. However, at age 38, it made sense for him to lock in a new contract to provide stability instead of hitting the open market. The Capitals have benefited from Knuble's leadership, solid play and hot finish this season, so it made sense to keep him around as they continue to make runs to the Stanley Cup.

The Capitals still have decisions to make on several key free agents next summer, including Jason Arnott, Brooks Laich, Scott Hannan and Marco Sturm.

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Mike Knuble Signs One-Year Contract Extension With Washington Capitalsf

Fresh off yet another 20-goal season, Mike Knuble will remain a part of the Washington Capitals for at least one more year. The 38-year old winger has signed a one-year contract extension that will keep him in D.C. for the 2011/12 season, according to Mike Vogel of WashingtonCapitals.com. The team has made the deal official, though it did not disclose the financial details.

Knuble has been a steady presence for the Capitals in each of the last two years, and after a slow start, Knuble ended the 2010/11 season with 24 goals and 16 assists in 79 games. His resurgence at the end of the season was one of the key reasons the Capitals have gone 15-3-1 since the NHL Trade Deadline. Knuble scored 13 points in his final 14 games of the season, turning it on when his team needed him most.

Knuble had been acquired by the Capitals as a free agent in the summer of 2009.

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