Alexander Semin and the Washington Capitals on Saturday agreed to a one-year contract extension for the 2010-11 season. It is worth $6 million, a team source said.
Semin is in the final season of a two-year, $9.2 million contract and would have been a restricted free agent July 1.
“I am just extremely happy to sign here because I like this team,” Semin said through an interpreter. “I’ve been playing for this team for a very long time, and everything here is so native to me now.”
Semin will be an unrestricted free agent after next year. He was a first-round pick in 2002 and has 248 points in his career, including 32 in 29 games this season.
“This is a player we’ve drafted and developed, and he’s become a very, very good player,” general manager George McPhee said. “He can be an even better player. … He’s an exceptional talent, and you keep working with these kinds of talents because we don’t get them very often.”
By Douglas Holtz-Eakin
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