A different way to look at the impending Evgeni Malkin and Kris Letang contract extensions

Star players contract breakdowns Alex Ovechkin’s recent five year contract extension (for his age 36-40 seasons) comes in at virtually the same cap hit dollar amount as his previous, mega-11 year contract. Despite the dollars, the real key is the percentage. Ovechkin was sapping up a super-high 16.8% of the total NHL salary cap (NHL player salaries are capped at 20% of a team’s upper limit) in 2008 at the start of that contract.