The Capitals have extended defenseman Dmitry Orlov for two years.
The Capitals have extended defenseman Dmitry Orlov for two years.

The Washington Capitals have announced that they have signed defenseman Dmitry Orlov to a two year extension worth $4,000,000. Dmitry Orlov was set to become a restricted free agent on July 1st. He will receive $1,750,000 during the 2014-2015 season and $2,250,000 during the 2015-2016 season. His cap hit for both seasons will be $2,000,000. With this signing, the Capitals have no RFA’s remaining on their active roster.

I think this is a very good deal. Any time you can give a bottom pair defenseman like Dmitry Orlov, who has the potential to be a top 4 defenseman, bottom pair defenseman money, that’s a very good deal. Also, Dmitry Orlov could  have been a potential target for other teams as an RFA. Teams would line up to basically do what the Capitals are doing with Orlov, plus the Capitals would probably have to outbid teams like Florida who have an insane amount of cap space. If you look at what similar defenseman have gotten, the Capitals are getting pretty good value in this deal.

With this signing, the Capitals currently have 7 defensemen, 2 goalies (assuming they bring up Philipp Grubauer) and 12 forwards under contract for next season. They’ll enter the off-season with $13,744,316 of cap space.