The Washington Capitals have secured defenseman Jakob Chychrun with an eight-year, $72 million contract extension, effective March 25, 2025.

Chychrun's new deal makes him the second-highest-paid player on the Capitals next season, following Alex Ovechkin, and positions him as a key player for the team's future.

This season, Chychrun has been instrumental in the Capitals' success, contributing to their NHL-best record of 102 points through 70 games.

Chychrun's base salary is stable at $4 million for the first three years, then decreases in the latter half of the contract.

General Manager Chris Patrick praised Chychrun as a dynamic player who excels in various situations, highlighting his work ethic and fit within the team's culture.

Since the 2020-21 season, he ranks third in the NHL for power-play goals and total goals among defensemen, trailing only Cale Makar and Roman Josi.

Originally drafted 16th overall by the Arizona Coyotes in 2016, Chychrun has faced injury challenges but has emerged as a key player for the Capitals.

While Alex Ovechkin's pursuit of Wayne Gretzky's goal-scoring record garners attention, Chychrun's contributions have been vital to the Capitals' strong performance this season.

Chychrun, who was acquired from Ottawa last offseason, has been emphasized as a foundational player for the Capitals moving forward.

He leads all Capitals defensemen in goals and ranks second in points and average time on ice, showcasing his significant impact on the team's performance.

His contract mirrors the average annual value of elite defensemen, indicating his value in the changing economic landscape of the NHL.

Chychrun has recorded 18 goals and a career-high 43 points in 65 games this season, reflecting his offensive capabilities.