With this being the final season of Alex Ovechkin’s contract, there has been plenty of speculation as to whether the future Hall of Famer would be hanging up his skates, returning to play in Russia, or staying in the NHL. At various times, it has been speculated that this would be it for him in the NHL while at others, some have suggested that an extension could be coming.
Now several months into the 2025-26 campaign, it doesn’t seem as if Ovechkin is any closer to making a decision on what comes next. Speaking with NHL.com’s Tom Gulitti earlier this week, the 40-year-old indicated that he doesn’t know what comes next. He added that his family and the Capitals organization would be part of the decision-making process, with a final decision unlikely to come until after the season.
Ovechkin has spent his entire 21-year NHL career with Washington after the Caps drafted him first overall back in 2004. He has set multiple league records along the way. On top of taking over the all-time goal record last season (he’s up to 919), he’s also the record-holder for power play goals (330), game-winning goals (140), and shots on goal (7,028). Clearly, there’s nothing left to prove but he can certainly keep adding to his records.
While Ovechkin clearly isn’t the elite winger he was for many years, he’s still a very capable contributor. He has 22 goals and 26 assists this season in 59 games while still logging nearly 18 minutes per night of playing time. His 48 points are one behind Tom Wilson for the team lead. While a decline is likely to come given his age, Ovechkin could certainly contribute for another year.
If Ovechkin decides to re-sign with the Capitals, it’s fair to say that the AAV of the deal wouldn’t check in at the $9.5MM that it’s currently at. However, if he were to re-sign on a one-year pact, he’d become eligible for performance bonuses, which would give Washington some extra flexibility and also give Ovechkin a chance to maximize his earnings.
While the Capitals would undoubtedly like some certainty with Ovechkin’s situation heading into the trade deadline to know if this is his final run or not, it appears that they’ll have to wait a while yet to see what the captain plans to do.

Don’t let the door hit you on the way out.
Greatest goal scorer in NHL history!
lol you’re a f****ing joke bud.
Mods can you ban this a**hat? All he does is make this place worse.
48 points in 59 games played at age 40 at this point of the season. The vast majority of NHL players don’t reach that in their prime years. What sort of a take is this?
Between him and the most delusional Tampa fan we’re always graced with great comedy.