Alex Ovechkin Contract & Salary

Last Modified Mar 5, 2025 06:59 GMT
Alex Ovechkin Contract & Salary
Alex Ovechkin during a Ottawa Senators v Washington Capitals game

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.

YearAgeCap Hit AnnualCash AnnualCash Cumulative
2021-2236$9,500,000$5,000,000$5,000,000
2022-2337$9,500,000$10,000,000$15,000,000
2023-2438$9,500,000$12,500,000$27,500,000
2024-2539$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.

2025-2640$9,500,000$9,000,000$47,500,000
2026-2741UFA

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.

YearBase SalarySigning BonusCap HitDead CapYearly 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 Contract & Salary
Alex Ovechkin during a Ottawa Senators v Washington Capitals game

Alex Ovechkin has made an estimated $161,720,893 from his career, according to Spotrac.

YearCash 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.

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