Capitals lock up Richard Panik to four-year, $11M contract

Arizona Coyotes right wing Richard Panik celebrates his goal against the San Jose Sharks. (Ross D. Franklin/AP)

The Washington Capitals added to their forward depth Monday by signing Richard Panik to a four-year contract worth $11 million.

Panik had 14 goals and 19 assists in 75 games with the Arizona Coyotes this past season.

The 28-year-old had a strong showing at the 2019 IIHF World Championships earlier this year, scoring seven points in seven games for Slovakia.

Panik’s new cap hit in Washington will be $2.75 million annually. It’s the exact same contract the Capitals recently signed Carl Hagelin to.

July 1, 2019

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Richard Panik
SIGNED BY
Washington Capitals
LENGTH
4 yrs
CONTRACT TYPE
Free Agency
SALARY CAP HIT
$2.75 million
TOTAL
$11 million

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