The Washington Times - December 26, 2009, 10:41PM

Alexander Semin has agreed to a one-year contract extension. The deal is worth $6 million, according to a team source. Semin would have been an RFA at season’s end. Now he will be an unrestricted free agent after the 2010-11 campaign.

George McPhee said Semin wanted a one-year deal, and the Caps were OK with it as well. To me, the translation is this: Both sides are ready to continue this engagment for another season, but neither side is ready to say ‘till death do us part yet.

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Here’s what both sides had to say on the matter:

“I am just extremely happy to sign here because I like this team,” Semin said through a translator. “I’ve been playing for this team for a very long time and everything here is so native to me now.”

As for McPhee …

“This is a player we’ve drafted and developed and he’s become a very, very good player,”┬áhe 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.”

Semin would be the team’s second highest-paid player if next season started tomorrow. Obviously Nicklas Backstrom still needs a contract and he may (likely) fetch more than $6 million.