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Capitals, Johansson Avoid Arbitration, Agree to Three-Year Deal

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The "eleventh-hour" deal gets the versatile winger under contract for another three years

Charles LeClaire-USA TODAY Sports

According to Chris Johnston of Sportsnet (since confirmed by the team), the Capitals and Marcus Johansson have agreed to a three-year deal worth just over $4.583 million per year.

It's an $830,000 raise from his arbitrated salary of $3.75 million a year ago. Johansson and the team were set for an arbitration hearing in Toronto today before the two settled on a deal. Reports surfaced on Monday that the 25-year-old left winger was seeking $5.25 million, while the team had offered $3.85 million.

According to the team, he will earn $4.25 million this year and $4.75 million from 2017-19.

Per General Fanager, the team now has a little more than $3.45 million in cap space, with restricted free agent Dmitry Orlov yet to sign a deal after the team opted to not take him to arbitration.