Report: Capitals, Chandler Stephenson Settle On One-Year, $1.05 Million Contract

According to CapFriendly, the Washington Capitals have agreed to terms with forward Chandler Stephenson on a one-year contract worth $1.05 million. Stephenson, 25, became a restricted free agent on July 1 and filed for salary arbitration ahead of the deadline to do so on July 5.

Stephenson posted five goals, 11 points, and a team-worst -13 rating in 64 regular-season games during the 2018-19 campaign. While Stephenson was a frequent healthy scratch during the regular season, he appeared in all but one of the Capitals’ seven games in the Stanley Cup Playoffs last season. He was held to a -2 rating in the 2019 Stanley Cup Playoffs.

Stephenson’s arbitration date was set for Saturday, August 3 in Toronto, Ontario.

The Capitals selected Stephenson with the 77th overall pick (third round) of the 2012 NHL Draft. In 144 career NHL games (all with the Capitals), Stephenson has posted 11 goals, 29 points, and a -3 rating. In 180 career games with the AHL’s Hershey Bears, he recorded 30 goals, 87 points, and a +4 rating.

Stephenson recorded two goals, seven points, and a +3 rating while playing in all 24 of the team’s games in the 2018 Stanley Cup Playoffs en route to the franchise’s first Stanley Cup.

Stephenson can become a restricted free agent with arbitration rights once again on July 1, 2020. He can sign a contract extension as soon as January 1.

The Capitals are now $1,364,294 over the salary cap and will be forced to move some salary out before October 2, when the regular season starts. With Stephenson locked up, the team currently has 23 players under contract for the 2019-20 season.

With Stephenson signed, the Capitals do not have any restricted free agents left to lock up.

By Harrison Brown

About Harrison Brown

Harrison is a diehard Caps fan and a hockey fanatic with a passion for sports writing. He attended his first game at age 8 and has been a season ticket holder since the 2010-2011 season. His fondest Caps memory was watching the Capitals hoist the Stanley Cup in Las Vegas. In his spare time, he enjoys travel, photography, and hanging out with his two dogs. Follow Harrison on Twitter @HarrisonB927077
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4 Responses to Report: Capitals, Chandler Stephenson Settle On One-Year, $1.05 Million Contract

  1. Day One Caps Fan says:

    Nothing boring about the 2019 Caps’ offseason!

    Will the Caps wait until the end of Training Camp, or the very eve of the Regular Season, to move a player (or two) and restore their salary-cap compliance?

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