New Delhi, July 3 -- The Washington Capitals have locked in their longtime captain and the NHL's all-time leading goal scorer for another season. Alex Ovechkin will play his 22nd NHL campaign in 2026-27 after agreeing to a one-year contract worth an average annual value of $4.25 million.

The team announced the signing on Thursday. At 40 years old, Ovechkin had spent the past several months weighing his options after finishing the final year of his previous deal. He ultimately chose to stay in Washington, where he has spent his entire NHL career since being drafted first overall in 2004.

The new agreement carries a $1 million base salary plus a $3.25 million signing bonus. Alex Ovechkin can also earn an additional $4.75 million in bonuse...