Ted Leonsis: 'I See The Draft And Trades As The Best Way To Use Cap Space'

Neither the Washington Wizards nor the Washington Capitals were expected to be very active during their respective free agency periods this summer. Slightly more than 24 hours into NHL free agency, all the Capitals have done is sign two AHL defensemen and bottom-six forward Joey Crabb. The Wizards, for their part, essentially removed themselves from this summer's NBA free agency frenzy by making a pre-draft trade for Emeka Okafor and Trevor Ariza.

This relative inactivity has left some fans (particularly, it must be said, some Capitals fans) very antsy. So owner Ted Leonsis responded in his usual way: on his blog.

In post titled "The Thing About Cap Space" that went up Monday afternoon, Leonsis made himself clear:

Right now, I see the draft and trades as the best way to use cap space to rebuild or replenish with certainty. I am hopeful we can use free agency as well - time will tell. But it may be that having cap space is a bit over-valued in free agency. In fact, it may hurt in that some teams may have to use their cap space to chase deals to the detriment of their long term plans. We shall see. Stay tuned.

Stay tuned, indeed.

UPDATE: Ted himself has emailed us to note that Jagr was acquired via a trade, not through free agency. So noted. We've changed the last part of this post to reflect that.

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

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,

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.