Ovechkin agrees to multiyear deal to remain with Capitals

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January 10, 2008 by Barry Schwartz

WASHINGTON (AP) -- Alex Ovechkin agreed to a $124 million, 13-year contract extension Thursday with the Washington Capitals, working out the details himself in negotiations with owner Ted Leonsis and general manager George McPhee.

The Capitals scheduled a press conference for 8:30 p.m. to officially announce the deal...

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