Capitals star Ovechkin re-signs with 5-year, $47.5 million contract

(WASHINGTON) — Washington Capitals star Alex Ovechkin has signed a new 5-year, $47.5 million contract, the team announced Tuesday. "Alex is the face of our franchise and is committed to this organization and this city," said general manager Brian MacLellan in a statement. "Alex embodies what our franchise is all about, and we're thrilled that he will continue his career in the Caps uniform for the next five years."