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Posted at 02:43 PM ET, 09/18/2012

Updated: Ovechkin signs with Dynamo Moscow

(John McDonnell - The Washington Post)

Update 9:46 a.m. Sept. 19: Alex Ovechkin made it official today, signing a deal with Dynamo Moscow to play in the KHL for the duration of the NHL lockout.

Players typically earn 65 percent of their NHL salary in the KHL, but according to Slava Malamud of Sport-Express Dynamo will pay Ovechkin more. It’s believed the Capitals’ star left wing will receive roughly $6 million from Dynamo. Ovechkin is slated to earn $9 million in the NHL during the 2012-13 season.

Via Pavel Lysenkov of Sovetsky Sport, check out a few photos of Ovechkin practicing with Dynamo below.

Original post: After some debate in regard to which KHL team would gain the services of Alex Ovechkin during the NHL lockout, it appears the Capitals’ star left wing has made his choice.

According to Russia’s Sport-Express, Ovechkin will sign with Dynamo Moscow. (s/t to friend of the blog Slava Malamud)

Ovechkin played for Dynamo from 2001-02 through 2004-05 before he began his NHL career, so it’s not shocking to see him return to his alma mater.

Prior to the start of the NHL lockout, though, there was some confusion over whether Dynamo wanted Ovechkin back in the fold, as some team officials said yes while others dismissed the idea of the left wing joining the team.

CSKA Moscow, where Ovechkin’s former Capitals teammate, Sergei Fedorov, serves as general manager, also had interest in signing the 27-year-old. Earlier this month, though, KHL President Alexander Medvedev said that Dynamo had a “moral right” to signing Ovechkin during a lockout.

What will be interesting to see is how Ovechkin and other NHL players seeking work in Europe will be affected by the IIHF. Puck Daddy’s Dmitry Chesnokov reported that players who have signed overseas haven’t received IIHF transfer cards, which essentially allow them to play in the KHL, Czech Extraliga or any other European League.

From Chesnokov:

The NHL is not a member of the IIHF, but has a great deal of power bossing the international governing body around. Rene Fasel rarely goes against NHL’s wishes, and it is not surprising the IIHF is possibly waiting for NHL’s official permission to issue transfer cards to NHL players allowing them to play in Europe during the lockout.
No one will officially confirm this within the IIHF, but it is possibly the case that this is yet another way the NHL can stop players from playing altogether. The IIHF’s leadership is weak to make independent decisions.

More from Post Sports:
Capitals cancel rookie game
Ovechkin prepared for lengthy lockout
Neuvirth to sign in Czech Extraliga
Caps players continue workouts
Lockout leaves fans in the cold

By  |  02:43 PM ET, 09/18/2012

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