Capitals sign defenseman to three-year contract extension

The Washington Capitals have announced they have re-signed RFA defenseman Martin Fehérváry to a three-year, $2.675M AAV contract.

This contract’s term means that Fehérváry will be a restricted free agent with arbitration rights when this deal expires, and he’ll be one year away from UFA eligibility at that point. One of Washington’s most promising young defensemen, Fehérváry has been a top-four blueliner for the Capitals in each of his first two NHL campaigns.

Set to turn 24 in October, Fehérváry played in 67 games this past season and averaged 20 minutes of ice time per night, including a minute and a half on the penalty kill. He’s a well-respected defense-first defenseman who has brought size and stability to the Capitals’ blueline. As a left-shot defenseman with more of a defensive bent, Fehérváry fits very well next to Washington’s best blueliner: John Carlson.

Washington is undoubtedly optimistic about what Fehérváry’s future holds, and it’s possible that they considered signing him to a long-term extension rather than this bridge contract.

But with the Capitals looking to maximize their competitive chances in the final years of Alex Ovechkin’s legendary career, opting for a bridge deal to keep Fehérváry’s cap hit relatively low for the next few seasons allows them to allocate more dollars elsewhere.

Should Fehérváry continue to grow and become a top-pairing all-around defenseman, this bridge deal will ultimately put the Capitals in a position to pay Fehérváry a major contract in just three year’s time, rather than in eight years had they elected a maximum-term long-term extension.

By making that choice they’ve saved valuable cap dollars for the next three seasons, and now they’ll hope on this contract Fehérváry can be part of a Capitals Stanley Cup-winning team.