While contract negotiations dragged on for the better part of the past two months, the five-year deal Holtby signed with the Capitals on Friday afternoon was put together rather quickly.
Holtby, who set several team records last season, signed a five-year, $30.5 million contract to remain with the Capitals on Friday afternoon, avoiding the result of an arbitration hearing.
The NHL solicited bids from 16 markets in recent weeks, but only received formal applications from representatives in Las Vegas and Quebec City, moving the two cities closer to receiving a team.
The two wingers, acquired by the Capitals earlier this month, each recognize the need to help their new team produce as it continues its quest to win a Stanley Cup for the first time.
Hobbs and Williams, each drafted by the Capitals last month, went from being teammates in the Canadian junior leagues to going through the rigors of their first professional camp together.