Semin Re-ups with Caps

According to Tarik the Caps have re-signed Alexander Semin to a two year extension:

Just landed in St. Louis and received word that Alexander Semin has signed a two-year contract extension worth $9.2 million.

He'll earn $4.2 million next season and $5 million the folllowing year, for a cap hit of $4.6 million.

Good move for the Caps - Semin potted 38 goals last year, could see his output increase with the talent the team has added and has the added bonus of being a great 1-on-1 player and breakaway goalscorer and thus should help the Caps pick up some points in shootouts. It is a decent amount of money but the Caps are well under the cap and look like a top tier defenseman would be the only move they might need to make in free agency in the immediate future.

Plus this should make negotiations with Ovechkin, who is eligible to be a restricted free agent after this season, come along easier.