Alex Ovechkin declares 'I'm back!' and re-signs with Capitals to return for a 22nd NHL season

"I’m back!” Ovechkin said.

Ovechkin, who turns 41 on Sept. 17, inked a deal with a $1 million salary and bonuses worth an additional $8 million. He receives a $3.25 million signing bonus and makes 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. All of that will help the Caps put a team together that could send Ovi out on a high note should this really be it.

After scoring 32 goals at age 40, Ovechkin is 35 clear of now second-place Wayne Gretzky, whose mark of 894 he passed on April 6, 2025, completing the so-called “GR8 Chase” that captivated hockey. He had said in recent months he was waiting until the offseason to decide whether to return or retire from the only NHL team he's ever played for, and management was working on contingency plans either way.

“Thank you to everyone for giving me and my family the time to make this decision," Ovechkin said. “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.”

The Capitals missed the playoffs this spring but qualified 16 times in a stretch of 18 years, which included winning the franchise's only Stanley Cup in 2018 when Ovechkin was playoff MVP.

A teammate for 16-plus seasons, fellow Cup champion John Carlson said he was not surprised by Ovechkin's decision.

"I knew that he was coming back for a long time," Carlson said on a video call with reporters after signing with Tampa Bay. “I’m sure that there was conversations to be had and decisions to be made on his end, too, but it just was always my gut feeling that he wasn’t ready to give it up and good for him. He’s been an amazing player for far too long in this league, and it’s just incredible what he’s been able to accomplish. I’m thrilled that he gets to keep living out that dream.”

Ovechkin also holds the NHL records for the most power play goals with 331 and game-winning goals with 141. He scored 30 in a season 20 times, joining Hall of Famers Gordie Howe, Johnny Bucyk and Teemu Selanne as the only players to hit that mark at 40 or older.

“What is he, 41, 42, and just incredible that this guy’s still finding ways to put up 30-goal seasons,” said Brandon Duhaime, who played the past two with Ovechkin in Washington before joining Toronto in free agency. “As a fan of the game, just to be able to watch him and over the past two years, to be able to see him break those records was pretty surreal. Growing up watching him and then being a part of that was absolutely incredible. Obviously wish him nothing but the best this season. Just a really incredible story. Really happy for him and his family.”

Ovechkin has been married to his wife, Nastya, since 2017, and the couple has two young children, Sergei and Ilya. They spend their summers in Ovechkin’s hometown of Moscow, and the family is expected to settle in Russia once his playing career is over.

That is not yet, which was welcomed by veteran forward Boone Jenner after signing with Washington. Jenner is one of several players the Capitals acquired this offseason, along with Alex Tuch, Jordan Kyrou and Vincent Desharnais to build around what might be one final run for Ovechkin.

“I always kind of thought he was going to be be back,” Jenner said. “He’s been great for the group. (His return) just adds to what they already have and the other additions that the Caps have made.”

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