Washington Capitals Net Worth is250 $Million
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The Washington Capitals are a professional ice hockey team that plays in Washington, D.C. and is based in Arlington, Virginia. They are members of the Southeast Division of the Eastern Conference of the National Hockey League (NHL). Since their founding in 1974, the "Caps" have won one conference championship to reach the 1998 Stanley Cup Finals, and captured seven division titles. In 1997, the team moved their home hockey rink from the suburban Capital Centre to the new Verizon Center in Washington's Chinatown neighborhood. Former AOL executive Ted Leonsis has owned the team since 1999, and has revitalized the franchise by drafting star players such as Alexander Ovechkin, Nicklas Backstrom, Mike Green, and Alexander Semin, and hiring former head coach Bruce Boudreau. The 2009a??10 Capitals won the franchise's first-ever Presidents' Trophy, for being the team with the most points at the end of the regular season.
Along with the Kansas City Scouts, the Capitals joined the National Hockey League as an expansion team for the 1974a??75 season. The team was owned by Abe Pollin (also owner of the NBA's Washington Bullets until his death on November 24, 2009). Pollin had built the Capital Centre in suburban Landover, Maryland, to house both the Bullets (who formerly played in Baltimore) and the Capitals. His first act as owner was to hire Hall of Famer Milt Schmidt as general manager.
With a combined 30 teams between the NHL and the World Hockey Association (WHA), the available talent was stretched thin. The Capitals had few players with professional experience and were at a disadvantage against the long-standing teams that were stocked with veteran players. Like the other three teams who joined the league during the WHA eraa??the Scouts (now the New Jersey Devils), Atlanta Flames (now playing in Calgary), and New York Islandersa??the Capitals did not factor the survival of the rival league into their plans.
The Capitals' inaugural season was dreadful, even by exp

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Washington Capitals Latest News

Digest (July 18): Capitals' Ovechkin wins Best Male Athlete ESPY

Williams, a two-year team captain for the Mustangs, is a weekly volunteer at Baltimore's Mount Washington Children's Hospital. Men's lacrosse: Today's semifinal pairing for the Federation of Internati...
Posted: July 18, 2018, 8:13 pm

Tom Wilson and the Capitals will reach a deal. The questions: When, and for how much?

After the Washington Capitals announced the hiring of Todd Reirden as coach, capping a busy month of June in which the franchise won the Stanley Cup for the first time, General Manager Brian MacLellan ...
Posted: July 17, 2018, 3:30 am

Capitals Faceoff podcast: Driving for the repeat

If you’re someone who follows the Capitals’ prospects closely, chances are you probably follow the Hershey Bears pretty closely, too. The Bears are, after all, Washington’s AHL affiliate. Many Caps fa...
Posted: July 9, 2018, 12:47 am
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