Alex Ovechkin remains one of the league's most dangerous offensive threats with 32 goals and added 32 assists for 64 points in 2025-26 (Image via Getty Images)The Washington Capitals have re-signed captain Alex Ovechkin to a one-year contract extension, making him the longest-tenured athlete in Washington, D.C and the professional sports history. As per reports, his contract will carry an average annual value of $4.25 million. This deal was announced on Thursday, and he inked a deal with a $1 million salary and bonuses worth an additional $8 million. As per reports, Ovechkin will receive a $3.25 million signing bonus and make the additional $4.75 million if he plays 10 games, but the contract structure allows him to count just $4.25 million against the cap. Despite he is turning 41, he is coming off another productive campaign. It is to be noted that the Capitals, with 32 goals and 32 assists for 64 points in 2025-26, prove he remains one of the league's most precious offensive players.Washington Capitals extend Alex Ovechkin as a veteran star to play another historic seasonIn a strategic event, the Washington Capitals will have their captain back for another historic season after Alex Ovechkin signed a one-year contract extension to remain with the franchise for a record-setting 22nd NHL campaign. The deal includes a $1 million salary, a $4.75 million games-played bonus after appearing in 10 games, and a $3.25 million signing bonus.According to reports, Ovechkin has 929 goals after scoring 32 last season. He also passed Wayne Gretzky’s record of 894 goals in April 2025, making him one of the greatest marquee players of all time. He ended the uncertainty surrounding whether the 40-year-old winger would return for another season.Speaking in a brief message after the announcement, he said, "I'm back. Thank you to everyone for giving me and my family the time to make this decision. I’m healthy. I love playing hockey and competing to win. I’m excited to come back and join my teammates so we can fight for a playoff spot and have a chance to win."Though the veteran star turned 41 years old, he has recorded 2 goals and 32 assists for 64 points in 2025-26. Apart from being the first player in league history to score 900 regular-season goals, during the 2025-26 season, he also became just the second player ever to reach 1,000 combined regular-season and playoff goals. Financial CategoryAlex OvechkinAnnual salary and income$1 millionGames-played bonus$4.75 millionSigning bonus$3.25 millionAnnual Average Salary$4.25 millionThrough 1,573 regular-season games, Ovechkin has amassed 929 goals and 736 assists for 1,665 points. His consistency has served as team captain for 18 seasons and led the franchise to its first Stanley Cup championship in 2018, earning the Conn Smythe Trophy as playoff MVP.Meanwhile, Senior Vice President and General Manager Chris Patrick stated, “Our entire organization is thrilled that Alex has decided to continue playing. Alex has proven year after year that he can produce offensively and that he is still the driving force of our team. We are excited about the additions we made this offseason to bolster our lineup and make our group more competitive. He further added, “We believe that our roster is well balanced and will help create more opportunities for Alex to create offense and score goals. In addition, his presence in our locker room - especially with our young players - will continue to be an enormous boost for our organization and will help shape our team culture for years to come.” (source: NHL)With his future now settled, Ovechkin will enter the 2026-27 season, and it will be interesting to witness how the player will define the franchise with his deep experience, that he has been with him for more than two decades.