That is the balance around this story right now.
The buzz is getting louder that Ovechkin could come back for the 2026-27 season, and the idea makes a lot of sense from Washington's side.
But it is still not done.
Officially, Ovechkin said in April that he would wait until the offseason to decide whether this was his final NHL season. Chris Patrick has also said the Capitals want to give him time and ideally know his plans before the draft on June 26-27.
That part matters because it keeps everyone honest.
This is not a signed extension story yet. It is a strong return signal story.
And the signals are there.
Washington's front office has made it clear the club is still in a win-now lane and wants flexibility to add pieces this summer. If Ovechkin is asking questions about how the team can stay strong, that tells you he is still thinking like a player, not like someone already halfway out the door.
That is why one more year feels believable.
Today, Barry Svrluga of The Athletic revealed that there is growing belief around the league that Alex Ovechkin is expected to return to the Capitals on a one-year contract.
Start with the obvious one. Ovechkin can still score. NHL.com noted he finished this season with 32 goals, and even at this stage that still changes the shape of a lineup.
Then there is the roster around him.
Washington is not an old team waiting for the lights to go out. The club has younger pieces coming, cap flexibility, and a coach in Carbery who is already planning for both possibilities while the organization waits on Ovechkin's choice.
A one-year return also fits the tone of everything around this process.
No one is pushing a long deal. No one is pretending this goes on forever. The cleanest path is one more season, one more push, and one more chance for Washington to build around its biggest name while the room still believes it can win. That is an inference from the team's public comments and timeline.
That is why the report you shared feels real enough to bite.
Not because Ovechkin has formally said yes.
Because almost everything around the situation still points in that direction.
Source : Alex Ovechkin reportedly to return to NHL next season
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YESTERDAY
MAY 21, 2026
| ||||
| G | A | PTS | ||
| Juraj Slafkovsky | 2 | 1 | 3 | |
| Nick Suzuki | - | 3 | 3 | |
| Cole Caufield | 1 | 1 | 2 | |
| Phillip Danault | 1 | 1 | 2 | |
| Ivan Demidov | 1 | - | 1 | |
| Seth Jarvis | 1 | - | 1 | |
| Eric Robinson | 1 | - | 1 | |
| Alexandre Texier | 1 | - | 1 | |
| Sebastian Aho | - | 1 | 1 | |
| Alexandre Carrier | - | 1 | 1 | |
| William Carrier | - | 1 | 1 | |
| Jake Evans | - | 1 | 1 | |
| Kaiden Guhle | - | 1 | 1 | |
| Alex Newhook | - | 1 | 1 | |
| Andrei Svechnikov | - | 1 | 1 | |
| Frederik Andersen | - | - | - | |
| Josh Anderson | - | - | - | |
| Jackson Blake | - | - | - | |
| Zachary Bolduc | - | - | - | |
| Jalen Chatfield | - | - | - | |
| COMPLETE STATS | ||||