December 15, 2019

Washington Capitals sign Braden Holtby to long-term extension

Braden Holtby will call D.C. home for a long time.

Braden Holtby, pictured at a practice last October, will call D.C. home for a long time. (Photo by Cheryl Nichols/District Sports Page)

The Washington Capitals have re-signed goalie Braden Holtby to a five-year contract extension worth $30.5 million, the team announced Friday afternoon.

The deal allows both camps to avoid being bound the ruling that would have come out of yesterday’s arbitration hearing, a decision that was due by 1 p.m. Saturday. The middle ground between the two was a cap hit of around $6.5 million, meaning that Capitals General Manager Brian MacLellan saved himself a not-so-insignificant amount of money.

The $400,000 he potentially saved could go a long way in keeping Marcus Johansson in the nation’s capital, as the team now has $4.2 million in cap space to sign the restricted free agent center. Johansson rejected a qualifying offer of $2.175 million earlier in the offseason, and his arbitration hearing will be on Wednesday of next week if it does indeed reach that point.

The deal makes Holtby the seventh-highest paid netminder in the NHL by annual average value.

The signing of his franchise goaltender to a long-term deal at a fair price for both sides keeps the stellar summer that MacLellan has had going. The additions of Justin Williams and T.J. Oshie grabbed the headlines earlier in July, and a couple of depth defenseman signings (Taylor Chorney and Ryan Stanton) on the cheap could prove valuable later in the year if any injury or performance issues come to hand.

“Braden emerged as a top NHL goaltender and we are pleased to sign him to a long-term contract,” MacLellan said in a team statement. “We feel Braden is just entering his prime and in his young career has already established himself as one of the best goaltenders in the history of our franchise.”

Holtby had a career-high nine shutouts in the 2014-15 regular season, and a brilliant .944 save percentage and a 1.71 goals-against-average in the Stanley Cup Playoffs.

About Eric Hobeck

Eric Hobeck is a Staff Writer for District Sports Page covering the Redskins and Capitals. Eric contributes to high school sports coverage at InsideNova.com. He served as sports editor of The Rotunda at Longwood University for two years, where he was also the men’s basketball beat writer. He hosted a campus radio show for three years and called basketball and baseball games for the station’s award-winning sports team. You can follow Eric on Twitter @eric_hobeck.

Trackbacks

  1. […] Braden Holtby is sticking around for the foreseeable future, as he and the team came to terms on a five-year contract a day after his arbitration hearing wrapped up. [Rink, Caps, Ted’s Take, Pressbox DC, Talk the Red, ESPN, WaPo (and again), WashTimes, CSNW, Patriot-News, CP, AP, Puck Daddy, DSP] […]

  2. […] And Sticks, Pro Hockey Talk, Bleacher Report, Washington Post, ESPN, NHL.com, Washington Times, District Sports Page, Today’s Slapshot, CSN Washington, Fansided, Sports Journey, Japers Rink, Russian […]

  3. […] and even directly creating offense when asked to. Last but certainly not least, Braden Holtby has been locked up as the team’s franchise netminder for the foreseeable future. His steady presence helped […]

%d bloggers like this: