Capital Finances: A Look At the Capitals’ Current Salary Cap Situation

Brian+MacLellan+NHL+Draft+Round+1+JmGogu7x4tZlBruce Bennett/Getty Images

Despite a slight increase of the salary cap, the Capitals’ front office has managed to check off a number of boxes on their free agency to-do list, re-signing pending free agents John Carlson, Devante Smith-Pelly, and most-recently, Michal Kempny to new deals while maintaining cap space sufficient enough to make more transactions. In this piece, NoVa Caps looks at the Capitals’ current cap situation and how it will affect the rest of their offseason.

Heading into the offseason, the Capitals had little cap space to work with and the projected increase of the salary cap would be crucial in determining not only how much they would be able to offer their own free agents, but what they could do in the event that they were unable to re-sign their top free agents, Carlson in particular. After re-signing Kempny to a four-year, $10 million deal, the Capitals have $9,715,705 left in cap space, with Restricted free agent right wing Tom Wilson and unrestricted free agent Jay Beagle (among others) still unsigned.

Below is a chart showing each player’s cap hit and total salary (note that each number/status is for the 2018-19 season, per CapFriendly):

Player Cap Hit Total Salary
Pheonix Copley $650,000 $650,000
Matt Niskanen $5,750,000 $5,750,000
Michal Kempny $2,500,000 $2,500,000
Alex Ovechkin $9,538,462 $10,000,000
Dmitry Orlov $5,100,000 $6,500,000
Brett Connolly $1,500,000 $1,500,000
Jakub Vrana $1,500,000 $1,500,000
Chandler Stephenson $650,000 $650,000
Nicklas Backstrom $6,700,000 $7,500,000
Lars Eller $3,500,000 $5,000,000
Madison Bowey RFA RFA
Devante Smith-Pelly $1,000,000 $1,000,000
Jakub Jerabek UFA UFA
Christian Djoos $650,000 $650,000
Alex Chiasson UFA UFA
Tom Wilson RFA RFA
Andre Burakovsky $3,000,000 $2,750,000
Braden Holtby $6,100,000 $5,000,000
Travis Boyd RFA RFA
John Carlson $8,000,000 $12,000,000
T.J. Oshie $5,750,000 $7,500,000
Nathan Walker $650,000 $650,000
Jay Beagle UFA UFA
Evgeny Kuznetsov $7,800,000 $10,000,000

Capitals General Manager Brian MacLellan has managed to re-sign multiple key players to the team’s Stanley Cup championship while still managing to keep sufficient cap space to work with, with Wilson (who, according to his agent, is set to sign a long-term deal this summer), Madison Bowey (Restricted Free Agent), and if possible, Beagle, who has already drawn interest from at least one other team with free agency just a few days away. Wilson is likely due for a sizable raise from his current salary of $2 million, and depending on how big a raise he receives, should have at least $6 million or so in cap space to work with.

By Michael Fleetwood

About Michael Fleetwood

Michael Fleetwood was born into a family of diehard Capitals fans and has been watching games as long as he can remember. He was born the year the Capitals went to their first Stanley Cup Final, and is a diehard Caps fan, the owner of the very FIRST Joe Beninati jersey and since then, has met Joe himself. His favorite player became former Capital Nate Schmidt after he met Schmidt in a Hershey hotel while in Hershey PA to see the Bears play, shortly after Schmidt was injured during a conditioning stint. Michael is also a fan of the Pittsburgh Steelers and Baltimore Orioles, and enjoys photography, watching WildEarth TV's SafariLive live safaris, and watching animals in his spare time. (Photo by Adam Vingan in 2014 at the Capitals Development Camp).
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4 Responses to Capital Finances: A Look At the Capitals’ Current Salary Cap Situation

  1. Pingback: Capitals Name Todd Reirden As Head Coach | NoVa Caps

  2. Alpca3877 says:

    I know he’s improved, but am I the only one that winces when I see Orlov and $5.1 million in the same sentence?

  3. Pingback: They Say History Tends to Repeat Itself: How Difficult will it be for the Capitals? | NoVa Caps

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