Washington Capitals general manager Brian MacLellan told reporters (h/t Tarik El-Bashir of The Athletic) that he's hopeful the team will be able to reach an agreement with left wing Alexander Ovechkin before free agency officially begins Wednesday.
Ovechkin's 13-year, $124 million contract is set to expire. Per ESPN's Emily Kaplan, he is negotiating the terms of his new deal.
"I'm confident; we still have time," Ovechkin told reporters on May 25 during his year-end media availability session.
"Obviously, I want to finish my career here. I'm pretty sure we will do something soon.