Ovechkin played in the final season of his rookie contract , in 2007 -- 08 .
Ovechkin signed a 13 - year contract extension worth $124 million with the Capitals on 10 January 2008 .
Playing in the final season of his rookie contract , in 2007 -- 08 , Ovechkin signed a 13 - year contract extension worth $124 million with the Capitals on 10 January 2008 .