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T.J. Oshie, Capitals agree to eight-year, $46 million contract ahead of free agency

The Washington Capitals re-signed forward T.J. Oshie to an eight-year, $46 million contract, the team announced Friday.

Oshie was set to be a free agent July 1, but the move keeps the 30-year-old in Washington. Oshie will be making an average of $5.75 million per year, an increase from the $4.175 million per year he was making over the last five years.

T.J. is an invaluable member of our team and we felt it was imperative for us to re-sign him in a competitive free agent market,” Capitals general manager Brian MacLellan said in a news release.