Report: Capitals Close To Signing Alex Alexeyev To Two-Year Extension

Sportsnet’s Elliotte Friedman is reporting that the Washington Capitals are close to signing defenseman Alexander Alexeyev to a two-year extension. 

PuckPedia is reporting that the extension is for $775,000 the first season and $875,000 the second season.

The Capitals confirmed the signing the following day.

Alexeyev, 23, was the Capitals first round draft pick (#31 overall) in the 2018 NHL Entry Draft. The 6’-4” left-handed defenseman signed a three-year entry-level contract on September 24, 2018 for $863,333 AAV and was to be a restricted free agent this summer.

2022-23 SEASON

The Capitals announced on June 18 that Alexeyev had undergone labral repair surgery on his left shoulder and was expected to miss 4-5 months. As a result, Alexeyev missed training camp and the start of the 2022-23 season. On top of that, Alexeyev was not waivers exempt this past season, which made things a little more tricky in his management.

The Hershey Bears announced on October 28 that Alexeyev had been officially loaned to the Bears on a long-term injury conditioning assignment. After four games with the Bears and the maximum allowable time for an injury conditioning assignment, the Capitals recalled Alexeyev from Hershey on November 8.

Alexeyev made his regular season debut with the Capitals the following night against Pittsburgh. He did not play again until December 3, but at that point he became a regular in the Capitals starting lineup.

For the 2022-23 season, Alexeyev played in 32 games for the Capitals, had no goals and five assists and was a -2 in more than 500 minutes of ice time. The following are the season stats for Alexeyev at all strengths. [Click to enalrge].


Alexeyev was deployed in nine different pairings for the 2022-23 season (not including pairings with Dmitry Orlov and Erik Gustafsson). The following graph plots the performance of each pair combination (left and right side assignments), including time on ice, offensive zone faceoff percentage, expected goals differential and expected goals for percentages at five on five: [Click to enlarge].

We’ve noted in previous posts that the Alexeyev-van Riemsdyk pairing thrived this season, and was one of the best performing pairs for the Capitals, all while seeing just 27.91% offensive zone faceoffs. If Alexeyev earns a starting role on opening night you can be assured he will be paired with van Riemsdyk.

The Capitals tested Alexeyev in the final third of the season, including extended time on the penalty kill and giving him a majority of defensive zone shift starts. Alexeyev answered the bell in many cases and thrived in certain situations (being paired with van Riemsdyk), but by no means did he prove 100% he should get one of the six defensmen spots to start next season. That will be decided in training camp.

Alexander Alexeyev: 2022-23 Washington Capitals Season Review

The injuries remain a concern, as we have documented several times since his draft day (here). While he has suffered a serious knee injury during his time in the WHL, a majority of his significant injuries have come to both shoulders, something that needs to be considered when conducting an overall assessment. Hopefully his shoulder surgery last summer will curtail some of that.

The best role on the Capitals heading into the 2023-24 season, barring a tremendous showing in the preseason, would be to give Alexeyev the seventh defenseman role to start the season. He showed enough down the stretch to earn that as a starting point. The position would allow for his continued development and allow him to work his way into a starters role.

As for Alexeyev, he concluded his breakdown day media interview with his plans for the off-season.”Staying here!”

By Jon Sorensen

Alexander Alexeyev: 2022-23 Washington Capitals Season Review
“I’d Never Had Grilled Cheese Before”: Capitals 2018 First-Round Pick Alexander Alexeyev Talks First Professional Season, Life in America, Alex Ovechkin, and More
Staying Healthy Will Be Top Priority For Alexander Alexeyev: An Examination Of His Injuries Over The Past Three Seasons
Bears Down Thunderbirds 5-2; Alex Alexeyev, Axel Jonsson-Fjallby Score
Thunderbirds Cage Bears 5-2; Alex Alexeyev Scores Second Career AHL Goal
Capitals Prospects Weekend Update: Alex Alexeyev Scores First Professional Goal; Connor McMichael Rolls
Alexander Alexeyev Scores First Professional Goal on First Career Shift in Hershey Bears’ Game Against Wilkes-Barre/Scranton Penguins
Capitals’ Defensive Prospect Alexander Alexeyev Reassigned To Hershey
Capitals’ Prospect Alexander Alexeyev Skates For First Time Since Suffering Upper-Body Injury In Prospect Tournament
Capitals’ Prospect Alex Alexeyev: “The Goal Is To Make The Team”
Capitals Prospect Alex Alexeyev Goes Down With Apparent Knee Injury
Capitals Sign Alexander Alexeyev To Three-Year Entry-Level Contract
Capitals Prospect Alexander Alexeyev Scores Twice Against Calgary Hitman
Capitals Prospect Alexander Alexeyev Named WHL Player Of The Week
Capitals Prospect Alexander Alexeyev Goes Down With Apparent Knee Injury
Capitals Prospect Alexeyev Makes Defenseman Fall Down, scores Goal For Team Russia

About Jon Sorensen

Jon has been a Caps fan since day one, attending his first game at the Capital Centre in 1974. His interest in the Caps has grown over the decades and included time as a season ticket holder. He has been a journalist covering the team for 10+ years, primarily focusing on analysis, analytics and prospect development.
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14 Responses to Report: Capitals Close To Signing Alex Alexeyev To Two-Year Extension

  1. GRin430 says:

    P(L)AY THE MAN!!!

  2. hockeydruid says:

    Now that he is signed get a coach who will play him and several other younger players. Trade Kuzy and Carlson while you can still get something for them. Buy Backy and Oshie out. That opens up spaces for younger players. IF Ovie doesnt like the way things are going give him the choice of a trade or retiring. So tired of this team molded just to get a record. Get a young vibrant HC and staff and lets get the rebuild going. Sorry to sound harsh but putting a whole team of expensive old players on hold and holding back younger players just to gt a record is….well plain silly. Honestly I am surprised that young players want to sign here because they know they are not going to play under the current management, mainly the GM and the owner who wants a record.

  3. Prevent Defense says:

    Bears forward Riley Sutter, his Uncle Darryl just got the axe from Calgary Flames

    Darryl not on my short-list for new Caps HC, but his availability adds to the large clutch of unemployed NHL “Retreads” floating about North America.

    Today’s decisive signings of Miro and Alexeyev portends a 23-24 Caps regime where Baby Caps are integrated into the lineup. Sure hope so.

    • Jon Sorensen says:

      I’m not a Darryl Sutter fan either.

      • GRin430 says:

        Yeah, I don’t think Darryl’s “super heavy” system is really viable right now in today’s NHL, at least in the regular season. It works better in the playoffs, but teams need a more balanced approach given the speed of the young players these days.

        On the other hand, Riley is a player the Caps need to take a serious look at next year. He is a potential replacement for Dowd — not much cheaper but every penny saved on the 4th line helps pay for a top-9 forward or a defender, and moving Dowd might bring back a decent pick or young prospect.

    • Anonymous says:

      Well I guess it’s a good thing that he has absolutely zero interest in coaching the Caps. He’s from bumfuck Alberta, and lives on his ranch where he raises cattle.

  4. Anonymous says:

    Surprised that the amount isn’t higher. I think he will be a bargain.

    • Jon Sorensen says:

      Agree, was a bit surprised by the value, and then it was for two years. I wonder if his agent is up to snuff.

      • dwgie26 says:

        My guess is will be a one-way contract. Or more likely 2 year bridge with first year two-way, second one-way. Used that move with Pilon and LuJo. I prefer him as 7th and he’ll still get plenty of games.

      • Brian Beakes (@Puckstop31_) says:

        His agent is Craig Oster, who manages the likes of Erik Karlsson, Rasmus Dahlin and the Tkachuk brothers. So my guess is either AA really just wanted to stay with the Caps or some other extenuating circumstance.

    • Mark Eiben says:

      I am happy and surprised by this. It allows him time with the big club for continued development and allows him to get further down the road away from his injuries. Maybe by the time he is 25 he can get a nice contract and permanent starters role if all goes well.

  5. Lucky says:

    Thanks for sharing informative article.

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