After last summer’s aggressive roster overhaul led to a 20-point improvement and the Capitals’ first playoff series win since 2018, Washington is taking a more measured but strategic approach in 2025. With just under $9 million in cap space remaining after signing Justin Sourdif and Declan Chisholm, the Caps are targeting a skilled forward while maintaining flexibility thanks to Connor McMichael’s positional versatility. Whether they acquire a top-six piece via free agency or trade depends on the market — which is thin — and their willingness to protect a deep, maturing prospect pipeline.

The Caps issued a qualifying offer to Hendrix Lapierre while letting Pierrick Dubé, Alex Alexeyev, — signaling a shift toward younger, hungrier talent. With names like Ryan Leonard, Ivan Miroshnichenko, and Andrew Cristall expected to compete for roster spots, GM Chris Patrick and President Brian MacLellan are focused on gradual youth infusion. The long-term plan hinges on staying competitive now while building around a younger core as veterans like Ovechkin and Carlson near the end of their contracts.

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