Capitals sign Oshie to 8-year extension

The Washington Capitals have re-signed right winger T.J. Oshie to an eight-year, $46-million contract extension, the team announced Friday.

Oshie is coming off an impressive season in which he registered a career-high 33 goals and finished with his second-highest point total at 56.

General manager Brian MacLellan completed Oshie's deal just hours ahead of the entry draft and in the process removed one of the biggest free-agent names from the market.

"T.J. is an invaluable member of our team and we felt it was imperative for us to re-sign him in a competitive free-agent market," said MacLellan. "T.J. is a highly competitive player with a tremendous skill set; he epitomizes the kind of player our team must have in order for us to continue to put ourselves in a position to compete in this League."

Oshie was set to become an unrestricted free agent on July 1, but with his new deal, he becomes a cornerstone of the Capitals' franchise for the foreseeable future.