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Capitals sign Nicklas Backstrom to 10-year, $67 million deal

Montreal Canadiens v Washington Capitals - Game Seven

of the Montreal Canadiens of the Washington Capitals in Game Seven of the Eastern Conference Quarterfinals during the 2010 NHL Stanley Cup Playoffs at the Verizon Center on April 28, 2010 in Washington, DC.

Bruce Bennett

Yesterday, I wondered if the Washington Capitals would extend Nicklas Backstrom to a shorter, Crosby-like deal or lock him up with one of those “lifetime” contracts. It looks like the answer is the lifetime deal; the team announced today that they signed the talented Swede to a 10-year, $67 million contract. For you non-math majors out there, that means that he’ll net the Capitals a $6.7 million cap hit per year, which is a great value for a player who already hit the 100-point mark.

Later today, I’ll analyze the impact of Backstrom’s contract on the overall salary cap picture for the Washington Capitals. If you want a sneak preview, though, keep in mind that the Caps could be in a really good situation if they make the right moves this summer. So far, so good.