Alexander Mikhailovich Ovechkin serves as captain for the Washington Capitals, as of March 2025. He is considered one of the greatest goal-scorers of all time. He was picked as the first overall pick in the 2004 MLB draft and debuted during the 2005-2006 season.
Notable achievements of Alex Ovechkin include winning the National Rocket Richard Award nine times for the leading goal scorer in the NHL. He also won the Art Ross Trophy for the most points scored and has been a three-time Lindsay Award winner. He has also been named to the NHL All-Star Game a record-breaking thirteen times. In 2018, he won the Stanley Cup for the first time with the Washington Capitals and also received the Conn Smythe Trophy for the league's Most Valuable Player in the playoffs.
Alex Ovechkin's Contract
Alex Ovechkin is under a five-year, $47,500,000 contract extension with the Washington Capitals, according to Spotrac. The deal runs from 2021 to 2025 and includes a $34,500,000 signing bonus, and carries an average annual salary of $9,500,000. Ovechkin will become an unrestricted free agent in 2026.
| Year | Age | Cap Hit Annual | Cash Annual | Cash Cumulative |
| 2021-22 | 36 | $9,500,000 | $5,000,000 | $5,000,000 |
| 2022-23 | 37 | $9,500,000 | $10,000,000 | $15,000,000 |
| 2023-24 | 38 | $9,500,000 | $12,500,000 | $27,500,000 |
| 2024-25 | 39 | $9,500,000 | $11,000,000 | $38,500,000 |
Alex Ovechkin's Contract Breakdown
For the 2024-25 season, Ovechkin will earn a base salary of $5,000,000 and a signing bonus of $6,000,000, with a cap hit of $9,500,000, as per Spotrac.
| 2025-26 | 40 | $9,500,000 | $9,000,000 | $47,500,000 |
| 2026-27 | 41 | UFA |
Alex Ovechkin Salary: How much is Alex Ovechkin getting paid?
Alex Ovechkin is under a five-year contract with the Washington Capitals worth $47,500,000. For the ongoing 2024-25 season, Alex Ovechkin will be getting paid a base salary of $5,000,000 and a signing bonus of $6,000,000, while carrying a cap hit of $9,500,000, as per Sportrac.
| Year | Base Salary | Signing Bonus | Cap Hit | Dead Cap | Yearly Cash |
| 2024-25 | $5,000,000 | $6,000,000 | $9,500,000 | - | $11,000,000 |
How much does Alex Ovechkin make in a minute?
Alex Ovechkin makes approximately $18.07 per minute based on his 2024-25 salary of $11,000,000, as per Spotrac.
Alex Ovechkin Career Earnings
Alex Ovechkin has made an estimated $161,720,893 from his career, according to Spotrac.
| Year | Cash Cumulative |
| 2005 | $984,200 |
| 2006 | $1,968,400 |
| 2007 | $2,952,600 |
| 2008 | $11,952,600 |
| 2009 | $20,952,600 |
| 2010 | $29,952,600 |
| 2011 | $38,952,600 |
| 2012 | $44,220,893 |
| 2013 | $53,220,893 |
| 2014 | $63,220,893 |
| 2015 | $73,220,893 |
| 2016 | $83,220,893 |
| 2017 | $93,220,893 |
| 2018 | $103,220,893 |
| 2019 | $113,220,893 |
| 2020 | $123,220,893 |
| 2021 | $128,220,893 |
| 2022 | $138,220,893 |
| 2023 | $150,720,893 |
| 2024 | $161,720,893 |
| Total | $161,720,893 |
Also Read: Alex Ovechkin Parents
What are the terms of Alex Ovechkin’s contract?
Alex Ovechkin has a no-trade clause in his contract, meaning the Washington Capitals cannot trade him to other teams without his consent. Other than this, no additional terms are specified in his contract, as per Sportrac.
How much is Alex Ovechkin’s contract guaranteed?
Alex Ovechkin is under a five-year contract with the Washington Capitals for $47,500,000 and the entire amount is guaranteed, as per Sportrac.
Alex Ovechkin’s Contract History
Alex Ovechkin's contract is a five-year, $47,500,000 extension with the Washington Capitals, signed in 2021 and running through the 2025-26 season. The deal includes a $34,500,000 signing bonus, is fully guaranteed, and carries an average annual salary of $9,500,000. In the 2024-25 season, he will earn a base salary of $5,000,000 and a signing bonus of $6,000,000, with a cap hit of $9,500,000. He will become an unrestricted free agent in 2026.
Before this, Ovechkin signed a historic 13-year, $124,000,000 contract in 2008, which lasted until 2020-21, as per Spotrac. That deal had an average annual salary of $9,538,462. His first NHL contract was a three-year rookie deal worth $11,502,600, signed in 2005.
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FAQ's On Alex Ovechkin Contract & Salary
A. Ovechkin plays for the Washington Capitals, as of March 2025.
A. The Florida Panthers tried to draft him in 2003 but Ovechkin was not eligible in terms of cutoff age.
A. The Washington Capitals drafted Alex Ovechkin in the 2004 NHL Entry draft.
A. Alex Ovechkin plays as a left winger.
A. Alex Ovechkin has scored over 850 career goals.
