The quest for the Stanley Cup doesn't begin on the ice, but during the offseason as general managers build their teams for the upcoming campaign.
The Caps have made a number of moves this summer to try to make their team better and get over the playoff hump.
Let's break down and grade each move the team made this offseason to help figure out whether it was the right move for the team.
Today's move: Letting go of Jason Chimera and Michael Latta
It's always sad to see players go, especially one that has been with the team as long as Jason Chimera, but knowing when to walk away is part of the business.
After some struggles in his first season with Barry Trotz, Chimera thrived in the second year, tying a career high in goals with 20. His 40 points in 2015-16 were the second-highest of his career. But at 37 years old, how much could the Caps reasonably expect to get from him next season?
Selling high seems to be a lost art in professional sports. Contracts are supposed to be based on what you believe a player will do, not what he did. Chances are Chimera, a player who's biggest asset is his speed, is not going to hit 40 points again.
Let's also consider what his role would next season. After trading for Lars Eller, the Caps are set at center on all four lines. That means someone, either Marcus Johansson or Andre Burakovsky, is moving to the third line and bumping Chimera down to the fourth where Daniel Winnik is already set to play. Is Chimera a better fit than Winnik? You could argue that, but Winnik is already under contract and Chimera is not.
Chimera's career year would also mean paying him at least $2 million, money the team no longer had thanks to the Eller deal.
"With the trade for Eller and our RFA guys, Johansson and Orlov, we weren't going to be able get to that two range or above two range," general manager Brian MacLellan said to the media. "You get attached to Chimera, he's been a good player for us, a fun guy to have around, good personality so it's disappointing to see him go, but sometimes you've just got to move on."
The decision to walk away from Michael Latta came early in the offseason when the Caps chose not to offer him a qualifying offer thus making him a free agent.
Latta is a fourth-line player who can play center or wing. With Jay Beagle and Mike Richards playing center, Latta became primarily a wing in the 2015-16 season. He was ultimately bumped out of the lineup as Tom Wilson moved down to right wing on the fourth line and did not appear in a single playoff game in 2016.
Richards is gone, but the trade for Eller will push Beagle to fourth line center. That leaves right wing on the fourth line as the only spot for Latta. Wilson will likely move up to the third line this season, but with the signing of Brett Connolly, the Caps still don't have room for Latta in the lineup. The team could have kept him as a 13th forward to cycle in and out of the lineup, but that appears to be the role Stanislav Galiev will fill again this season.
With a roster as talented as the Caps, you could tell there was going to be a cap squeeze heading into the offseason. The writing was on the wall for Latta when he did not make an appearance in the playoffs. The only thing the Caps are thinking about now is winning in the postseason and if they don't feel Latta helps them there, it makes perfect sense to move on. If Connolly can remain healthy, his upside is much higher than Latta's.
Chimera ultimately played his way out of Washington with his fantastic season. The Caps could not afford to re-sign him at a price anywhere close to what he would have gotten on the market, as his new two-year, $4.5 million deal shows.
The only thing that bumps this down from an A to an A- is losing Chimera's speed. Speed is becoming more and more valuable in the NHL, as the Pittsburgh Penguins showed, and the Caps just lost their fastest player. This was the only option, however, after the team traded for Winnik at the trade deadline. There's just not room for both. If you think Winnik's cap hit is too high for a fourth line player ($2.25 million) they would have had the exact same problem if they re-signed Chimera.
It's sad to see Chimera, a true locker room personality, and brobean Latta leave, but MacLellan didn't really have any choice.
MORE CAPITALS: WILL JOHANSSON BE TAKEN IN THE EXPANSION DRAFT?