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Capitals' Ovechkin signs with KHL team

The SportsXchange

Washington Capitals captain Alex Ovechkin signed with the Dynamo Moscow of the Kontinental Hockey League, the team announced.

Ovechkin, 27 played 153 games for Dynamo Moscow from 2001-05 before beginning his NHL career as the No. 1 pick in the 2004 NHL Draft.

According to a report in Russia's Sport-Express, Ovechkin could play in the county for a long time if the players and NHL owners can't come to an agreement.

"If our salaries get slashed, I'll have to think about whether to return to NHL," Ovechkin is quoted in the paper. "[I] won't rule out staying in Russia past this season."

Ovechkin's will reportedly earn him about $6 million in annual salary. He would've made $9.538 million with the Capitals. Ovechkin is obligated to return to the Capitals once a settlement is reached on a new Collective Bargaining Agreement.

Ovechkin debuted with Dynamo at 16 in 2001, and also played for them through the 2004-05 NHL lockout.

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