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Alex Ovechkin Contract & Salary Breakdown

Last Updated: October 26, 2023
As one of hockey’s greatest scorers, Washington’s enduring star has earned his status among the top NHL earners. Check out the details behind the Capitals’ Alex Ovechkin contract.

When it’s all said and done, Alexander Ovechkin will go down as one of the best offensive players to ever grace the ice.

Spending his entire with the Washington Capitals, the now-38-year-old came into the NHL with a bang, scoring 106 points while netting 52 goals en route to making his first All-Star team. Ovi went on to earn 13 All-Star Game selections over his storied career, which includes a Stanley Cup title in 2018. He also has won himself the Maurice “Rocket” Richard Trophy, awarded annually to the NHL’s leading goal scorer, nine times — a league record.

And because he’s one of the best ever to do it, he’s certainly been paid handsomely over the years.

Let’s break down the Caps’ current Alex Ovechkin contract and dive into his redoubtable career earnings to date.

Alex Ovechkin Contract Details & Salary

All dollar figures via Spotrac.

Years: 5
Total value: $47,500,000
Average annual value: $9,500,000
Free agency: 2026

2023-24 salary: $12,500,000 ($1,000,000 base salary + $11,500,000 signing bonus)

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Ovechkin signed this most recent deal back in 2021, and because he isn’t getting any younger, he’s placed an emphasis on locking up as much as he could up front. Of the $47.5 million promised, $34.5 million was via signing bonus, though the full amount is guaranteed throughout the lifespan of the deal as long as “The Great Eight” remains active.

This deal came after Ovechkin’s 13-year contract signed in 2008 finally expired ahead of the 2021 campaign. His previous contract worth $124 million over those 13 years was the first $100 million-plus contract hockey had ever seen.

Alex Ovechkin’s Career NHL Earnings



Click here to read Boardroom’s overview of the top-earning NHL players in history.

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About The Author
Griffin Adams
Griffin Adams
Griffin Adams is an Editor at Boardroom. He's had previous stints with The Athletic and Catena Media, and has also seen his work appear in publications such as USA Today, Sports Illustrated, and MLB.com. A University of Utah graduate, he can be seen obnoxiously cheering on the Utes on Saturdays and is known to Trust The Process as a loyal Philadelphia 76ers fan.