Contract Extension for Ovechkin?
Since their rookie year, Sidney Crosby and Alexander Ovechkin have been linked in a friendly rivalry. So Crosby’s new five-year, $43.5M contract extension naturally turns attention on the Capitals to re-sign their young superstar before he becomes a restricted free agent next summer. “We don’t discuss player contracts,” Capitals GM George McPhee told The Washington Times regarding Ovechkin’s situation.

My Take: There has been a lot of speculation going around that Ovechkin is waiting to see how the Capitals fare this season before signing a long term deal. Regardless the Capitals would match any deal he would receive following next season

Selanne to Philadelphia?
Two Finnish sources reported that Ducks F Teemu Selanne was considering joining the Flyers to team up with fellow Finns Sami Kapanen and Kimmo Timonen, according to The Philadelphia Inquirer. Flyers GM Paul Holmgren, however, seemed surprised at the notion and told The Inquirer he thought Selanne would re-sign with the Ducks if he didn’t retire.

My take: Eklund first reported this a few weeks back but i can’t see it happening. Two sources close to the Penguins have said the Flyers are pursuing Selanne and are also looking to bring back Forsberg. Forsberg is not expect back until before the All-Star break

Lundqvists and Rangers close to 1 year deal
According to the New York Daily News the Rangers and Henrik Lundqvists are close to a 1 year 2.5 million deal.

My Take: An announcement is expected this afternoon but the New York Post is reporting the two sides are thought to be discussing a contract ranging between $3M and $3.25M, however.

Yashin to New Jersey?
Looking for a replacement for Scott Gomez the New Jersey Devils have been in talks with Alexei Yashin and a offer has been made. I don’t think we’re complete yet,” Devils GM Lou Lamoriello told The New York Post after he signed D Vitaly Vishnevski on Tuesday. The Wild, Canadiens, Oilers and Senators also have been reportedly interested in Yashin, who had his contract bought out by the Islanders last month. The Devils are also close to resigning defenseman Paul Martin.