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.
#Capitals have settled with Chandler Stephenson ahead of his arbitration hearing on a 1 year contract that carries an AAV of $1.05M.
Stephenson was scheduled to go before an arbitrator on August 1st.
— CapFriendly (@CapFriendly) July 27, 2019
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