Alexander Ovechkin, popularly known as Alex Ovechkin, was born on September 17, 1985. He is a Russian professional ice hockey right-winger who also serves as the captain of the Washington Capitals in the NHL. Alex is also regarded as 'Ovi' or 'the Great Eight'; his jersey number is 8. The Russian ice hockey player is known as the greatest goal-scorer in the history of the NHL due to his dedication to the game and unbeatable strength.
Ovechkin was selected as a first-overall pick by the Washington Capitals in the 2004 NHL Entry draft. With his draft, his debut was confirmed in the NHL. He became a key player for the Capitals as he was named the league's top rookie and earned the Calder Memorial Trophy. With his determination, he contributed several goals and scores to the team, making him the face of the Capitals. The Washington Capitals have achieved great success; they won the 2018 Stanley Cup in Alex Ovechkin's captaincy. On November 5, 2022, Alex made a record of 787th goals for the Capitals, making him the only player to do so for one team in NHL history. He touched another milestone of hitting 800 regular-season goals with a memorable hat-trick against the Chicago Blackhawks, sharing this record with Gretzky and Gordie Howe.
Alexander Ovechkin contract
Alex Ovechkin signed a five-year, $47. 5 million contract with the Washington Capitals covering the 2021-2025 seasons. The contract includes a massive $34.5 million signing bonus. The deal provides an average annual salary of $9.5 million, with varying cash earnings each season, as per Spotrac.
| Year | Age | Cap Hit | Cap % | League Cap | Cash Earned | Cumulative Cash |
| 2021-22 | 36 | $9,500,000 | 11.66% | - | $5,000,000 | $5,000,000 |
| 2022-23 | 37 | $9,500,000 | 11.52% | - | $10,000,000 | $15,000,000 |
| 2023-24 | 38 | $9,500,000 | 11.38% | - | $12,500,000 | $27,500,000 |
| 2024-25 | 39 | $9,500,000 | 10.80% | - | $11,000,000 | $38,500,000 |
| 2025-26 | 40 | $9,500,000 | 9.95% | - | $9,000,000 | $47,500,000 |
Alex Ovechkin salary
For the 2024-25 season, Ovechkin will earn a base salary of $5 million and an additional $6 million signing bonus, making his total cash earnings $11 million for the year. He will carry a cap hit of $9.5 million against the Washington Capitals' salary cap. The contract extends through the 2025-26 season, after which Ovechkin will become an unrestricted free agent (UFA) in 2026 (via Spotrac).
How much of Alex Ovechkin's contract is guaranteed?
Alex Ovechkin's entire $47.5 million contract is fully guaranteed, meaning he is set to receive the full amount regardless of performance or injuries. This includes:
- $34.5 million in signing bonuses (paid over the contract duration)
- $13 million in base salaries across the five years
Alex Ovechkin's career earnings
Ovechkin has earned around $170. 72 million as of 2025. Below is the table of his career earnings each year:
| Year | Age | Status | Annual Earnings | Cumulative Earnings |
| 2005 | 20 | Active | 984,200 | 984,200 |
| 2006 | 21 | Active | 984,200 | 1,968,400 |
| 2007 | 22 | Active | 984,200 | 2,952,600 |
| 2008 | 23 | Active | 9,000,000 | 11,952,600 |
| 2009 | 24 | Active | 9,000,000 | 20,952,600 |
| 2010 | 25 | Active | 9,000,000 | 29,952,600 |
| 2011 | 26 | Active | 9,000,000 | 38,952,600 |
| 2012 | 27 | Active | 5,268,293 | 44,220,893 |
| 2013 | 28 | Active | 9,000,000 | 53,220,893 |
| 2014 | 29 | Active | 10,000,000 | 63,220,893 |
| 2015 | 30 | Active | 10,000,000 | 73,220,893 |
| 2016 | 31 | Active | 10,000,000 | 83,220,893 |
| 2017 | 32 | Active | 10,000,000 | 93,220,893 |
| 2018 | 33 | Active | 10,000,000 | 103,220,893 |
| 2019 | 34 | Active | 10,000,000 | 113,220,893 |
| 2020 | 35 | Active | 10,000,000 | 123,220,893 |
| 2021 | 36 | Active | 5,000,000 | 128,220,893 |
| 2022 | 37 | Active | 10,000,000 | 138,220,893 |
| 2023 | 38 | Active | 12,500,000 | 150,720,893 |
| 2024 | 39 | Active | 11,000,000 | 161,720,893 |
| 2025 | 40 | Active | 9,000,000 | 170,720,893 |
Alex Ovechkin's contract history
Alex Ovechkin has signed three contracts throughout his NHL career, all with the Washington Capitals, according to Spotrac.
| Contract Period | Years | Contract Value ($) | Average Salary ($) | Signing Bonus ($) | Free Agent Status | Team |
| 2005-2007 (Rookie) | 3 | $11,502,600 | $3,834,200 | $590,520 | 2008 (RFA) | Washington Capitals |
| 2008-2020 | 13 | $124,000,000 | $9,538,462 | N/A | 2021 (UFA) | Washington Capitals |
| 2021-2025 (Current) | 5 | $47,500,000 | $9,500,000 | $34,500,000 | 2026 (UFA) | Washington Capitals |
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FAQs on Alexander Ovechkin contract
A. Alex Ovechkin has only one-year left in his contract valid until the 2025-2026 season.
A. Alex Ovechkin's five-year contract is $47,500,000 with the Capitals.
A. No, Alex Ovechkin is playing and he is committed to play until the 2025-2026 season with the Capitals.
A. Ovechkin is close to breaking Wayne Gretzky's 894 career goals, standing at 885 career goals as of March 2025.
