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Capitals Trade Dmitry Orlov, Garnet Hathaway to Boston Bruins

Washington acquires a 2023 First-Round Pick, 2025 Second-Round Pick, 2024 Third-Round Pick, and Craig Smith in return.

NHL: FEB 11 Capitals at Bruins Photo by Fred Kfoury III/Icon Sportswire via Getty Images

The Washington Capitals have traded defenseman Dmitry Orlov and fourth liner Garnet Hathaway to the Boston Bruins, the team announced Thursday. In return, the Bruins are sending their 2023 first-round pick, 2025 second-round pick, 2024 third-round pick, and veteran winger to Washington. The Capitals are retaining 50% of Orlov’s salary in the deal, and the Minnesota Wild are retaining another 20% in exchange for Boston’s 2023 fifth-round draft pick to keep the Bruins cap compliant.

An hour before the trade was made official, the team had announced that both Orlov and Hathaway would be held out from tonight’s game against the Ducks due to trade-related reasons.

More from the Capitals:

The Washington Capitals have acquired a first-round pick in the 2023 NHL Draft, a second-round pick in the 2025 NHL Draft, a third-round pick in the 2024 NHL Draft and forward Craig Smith from the Boston Bruins in exchange for defenseman Dmitry Orlov and forward Garnet Hathaway, senior vice president and general manager Brian MacLellan announced today. The Capitals will retain 50 percent of Orlov’s salary as part of the trade.

“We would like to thank Dmitry and Garnet for their contributions to our organization,” said MacLellan. “Dmitry has been with our organization for almost 14 years and was a key contributor in helping us win the Stanley Cup in 2018. Garnet has been an important part of our team and a role model off the ice for his contributions to our community. We wish both players all the best with Boston.

“This trade allows us to acquire draft capital, infuse youth and restock our system. While this season has proven challenging with injuries to our significant players, we are in a position to use some of our current assets to retool our club and build a competitive team moving forward.”

The Capitals now have six picks in the 2023 NHL Draft, including two first-round picks and three total picks in the first two rounds. Washington owns their first, second, fourth, fifth and seventh-round picks, as well as Boston’s first round-pick in 2023. The Capitals also own seven selections in the 2024 NHL Draft - their first, third, fourth, fifth, sixth and seventh-round picks, as well as Boston’s third-round pick - and eight selections in the 2025 NHL Draft.

Smith, 33, has recorded 10 points (4g, 6a) in 42 games with the Bruins this season. The 6’0”, 204-pound forward has reached the 20-goal mark in five of his 12 NHL seasons and has posted a positive plus/minus rating in 10-straight campaigns. In 831 career games with Boston and the Nashville Predators, Smith has recorded 408 points (195g, 213a). Smith, a native of Madison, Wisconsin, was selected by the Predators in the fourth round, 98th overall, in the 2009 NHL Draft.

Orlov, 31, has recorded 256 points (60g, 196a) in 686 career games with Washington. Orlov, who won the Stanley Cup with the Capitals in 2018, was drafted by Washington in the second round, 55th overall, in the 2009 NHL Draft.

Hathaway, 31, has recorded 76 points (38g, 38a) in 257 games with the Capitals. Hathaway, who signed with Washington as a free agent in 2019, has registered 116 points (54g, 62a) in 432 career games with the Capitals and Calgary Flames.

Here’s more on Craig Smith, the only player coming back to Washington in the trade:

This story is developing and will continue to be updated.