The issue with re-signing Holtby is the fact he will likely get huge offers from other teams this summer. Backstrom, one of the greatest players in Capitals history, probably won't be a $9.2-million player by the end of his new deal, but he should age gracefully. It sucks we have to go through that again, though this year it may end up culling necessary $$$ from our cap and making a tough choice for us. The 32-year-old was slated to become an unrestricted free agent at the end of the season. Similarly, news that negotiations between the two sides have begun is a reminder that all good things, like Backstrom’s current deal, must come to an end. He was 83. First, one has very little to do with the other. The aim for HR is to manage contract terminations well, so that outcomes are as positive as they can be. Nicklas Backstrom's 10-year contract with the Capitals is up at the end of the season, but the two sides continue working toward a new agreement. With both due to become free agents at the end of the 2019-20 season, Washington’s front office has important decisions to make for both of them. Ralph Backstrom, who won six Stanley Cups with the Canadiens and the 1959 Calder Trophy as the NHL’s top rookie, died at his home in Colorado on Sunday following a lengthy illness. Many are assuming that Backstrom’s new deal officially signals the end of Braden Holtby’s tenure in Washington. Backstrom and Caps talking new contract. The new deal for Backstrom likely means the end for Braden Holtby in Washington, as the veteran goaltender is currently in the final year of his contract. Backstrom’s Contract And Braden Holtby. No one ever blamed the NHL of having any loyalty to fans. The pending unrestricted free agent confirmed to the Washington Post on Monday that he and now-former agent Mark Levine went their separate ways just before the … As you all know, I really liked Nate Schmidt and hated to see him go. They could be traded for assets now, re-signed to big deals, or simply let go at the end … Not really. Braden Holtby and Nicklas Backstrom were crucial pieces of the Capitals’ Cup-winning team. A dismissal or redundancy is, after all, the end of someone’s livelihood. Nicklas Bäckström (Swedish: [ˈnɪ̌kːlas ˈbɛ̂kːstrœm]; born 23 November 1987) is a Swedish professional ice hockey centre and alternate captain for the Washington Capitals of the National Hockey League (NHL). According to CapFriendly, Backstrom will have earned $74.2 million from playing in the NHL when his current 10-year contract expires at the end of this season. Nick Backstrom and the Washington Capitals remain in ongoing contract negotiations, according to Nick Backstrom’s representation — Nick Backstrom. Bäckström was selected fourth overall by the Capitals at the 2006 NHL Entry Draft.. Bäckström is renowned for his elite … Yet contracts must end. The most common reasons for dismissal include the inability to do the job, misconduct, and redundancy (source: Acas). Dismissals fair … On Tuesday, the team announced that they have agreed to a five-year, $46 million contract with center Nicklas Backstrom.