Well you can put to bed all the rumors about Alex Ovechkin leaving the Caps. Washington's superstar left wing has just put pen to paper on a 13-year $124 million contract extension. That works out to just slightly over $9.5 million per season over the life of the contract, or just under the maximum amount of space Ovechkin could take up under the current salary cap. Possibly the most noteworthy part of all of this is that Ovechkin negotiated the deal himself. Now he doesn't even have to give a cut to an agent. Not bad.
Now that I'm done patting AO on the back... assuming he really does play out this entire deal with the Caps, Ovechkin will NEVER win the Cup. Ever. Before you get all riled up, hear me out. This has nothing to do with the amount Ovechkin will be making. While I do think it is a mistake to let him take up that much cap space, who knows where the salary cap will be in 10 years? This deal could end up being a bargain. Okay probably not, but my point is that the size of the deal isn't what is going to keep AO from kissing the Cup. It's the fact that the deal is with the Capitals. I just don't see the Craps ever winning the Stanley Cup. After all... they're the Capitals. I'd put the over/under for the number of times Ovechkin even makes the playoffs during that contract at 6. And if I were a betting man I'd take the under.
All bias aside, this deal is a huge gamble for the Caps. Ovechkin plays a very reckless brand of hockey and a series of long-term and possibly career threatening injuries for the talented Russian certainly isn't out of the realm of possibility. Nevermind that he plays a bit on the dirty side and could easily be the victim of some good old fashioned frontier justice somewhere down the road. Heaven help him if he boards one of Todd Bertuzzi's teammates.
In the meantime AO can kick back and celebrate his big payday, and maybe stash a little away so that 15 or 20 years from now he can buy himself a nice plaque that reads "Most Goals Scored By An NHL Player Who Never Won the Stanley Cup!" If you ask me that is the best-case scenario for Ovechkin's legacy when all is said and done.