RDS.ca is reporting the Capitals closed a deal to keep Alex Ovechkin a Capital for six years at a price tag of $54 million dollars, but no one is confirming the rumor. TSN.ca also ran a story that the deal had been reached, but then quickly backtracked after their "sources" said no deal had been finalized.
One good thing that is coming from this is that the two sides are talking. While before all we were getting were "we have time" and "I haven't spoken to them" from both sides. This could also just be a first offer, a pretty handsome one at that. But the drama continues and I won't be jumping up and down until a contract has been approved by the league.