The official announcement will be made tonight following a team-hosted event for season ticket holders, and we'll follow up with all the details.
Update: Tarik confirms 13 years/$124 million. Jesus.
Update 2: Some quick math. Ovechkin's new deal will pay him:
- $9,538,461.54 per season for the next 13 years
- $116,322.70 per game for the next 13 seasons
- $5,311.54 per shift (based on his current season's shifts-per-game pace)
- $304,332.65 per hour of ice time (based on his current season's time on ice per game)
Update 4: Fantastic video of Ted Leonsis making the announcement to season ticket holders (courtesy KCK):