Ovechkin signs three-year deal with Capitals

Updated: August 31, 2005, 8:14 PM ET
Associated Press

Washington Capitals: Alexander Ovechkin, the No. 1 pick in last year's NHL draft, arrived in the nation's capital Wednesday and signed his three-year contract.

The Capitals also signed defenseman Jeff Schultz, another first-round in the 2004 draft.

Ovechkin, 19, agreed to terms Aug. 5, and is scheduled to be formally introduced at a news conference Thursday.

The Russian left wing had 13 goals and 13 assists in 37 games for champion Dynamo Moscow of the Russian Super League last season. He opted out of a contract with Russian team Avangard Omsk to join the Capitals this season.

Schultz, also 19, was the second of Washington's three first-round picks (27th overall) last year. The other pick, Mike Green (29th) is already under contract.

Schultz spent three seasons with the Calgary Hitmen of the Western Hockey League. He was second among the teams defenseman in 2004-05 with 29 points (two goals, 27 assists) in 72 games.

Copyright 2005 by The Associated Press