Big news yesterday for Washington Capitals fans. Alex “the Great” Ovechkin (aka Superman) signed the biggest contract in NHL history – $124 million over 13 years. According to Eric McErlain, that’s an average of over $300k per hour of ice time and $5k per shift. Nice work if you can get it.

Actually, all kidding aside, this is a great move for the Caps.

The financial bar was set last summer when Sid “the Kid” Crosby signed a 5-year $43.5 million contract extension – about $8.7 million a season. Since then, Caps fans have had to suffer thru rumor after rumor that our man Alex wasn’t going to be playing in DC much longer. However, the suggestion that Ovechkin would be leaving never made any sense to me. He was slated to become a restricted free agent this summer – meaning the Caps would have the opportunity to match any offer. Furthermore, the max any player can get under the new CBA is 20% of the salary cap – currently about $50 million. So it was pretty obvious Ovechkin was going to stay a Cap and get paid somewhere between $8.7 and $10 a season.

More impressive than the dollars is the length of the contract. Not only is it the wealthiest in the league, it’s the second longest (Islanders goalie signed a $67.5 million 15 year contract before the start of last season). This contract means Ovechkin is slated to spend at least 16 years in a Caps uniform. In this era of free agency, more often than not you end up “rooting for the laundry” since the players come and go so quickly. It’s nice to know the #8 Caps jersey I got for Christmas will be relevant until the 2020′s.

Also, signing Ovechkin for that long makes massive financial sense, even if some “experts” can’t (won’t) see the value. The salary cap increased from $39 million for the 2005-06 season to $50 million this season. Can the league sustain 13% revenue growth for the foreseeable future? If so, the salary cap will be in the $100 million range by the time Crosby’s deal expires. Even if revenues only grow at half that rate, we’re still looking at a salary cap in the low $70 millions by 2013. So Crosby will be looking to make at least $14 million and maybe as much as $20 million per season when he resigns. Viewed that way, getting Ovechkin for “only” $9.5 mil a season makes good financial sense.

Of course, the last time the Caps committed this kind of money to a superstar, it didn’t work out so well. But unlike Jagr, who got his new contract before skating shift one for the Caps, we know what #8 can do while wearing the Eagle. Owner Ted Leonsis isn’t paying for potential on blind faith, he knows what Ovechkin can do and how much he means to this team. Based on the past two and 1/2 seasons, I think Leonsis is getting his money’s worth.

Speaking of Ted, my father ran into him @ the seasons ticket holder’s event they held last night. When he mentioned that he’s “Devhawk’s Dad”, Ted recalled how I “reamed him a new one” as well as meeting me. For the record, I still think trading Bondra was a mistake, though time has demonstrated it was a fairly minor one. More importantly, it was an isolated mistake. Since then, I think Ted and the Caps have done almost everything right, both on and off the ice. If you’re reading this Ted, keep up the good work and I take back that whole “abomination to the sport of hockey” thing.

And don’t look now, but the Caps are 12-6-4 since the changing coaches. Had they been playing at that pace all season, they’d have around 55 points and the second best record in the Eastern Conference right now. Good to know, but not very relevant since they did, in fact, start the season 6-14-1. However, if they can stay on this pace for the second half of their season, they would end with around 93 points – probably enough to get them in the playoffs. (Last year’s eighth seed ended with 92 points.) Furthermore, Carolina currently leads the Southeast Division, but they’re only on pace to reach 86 points. So even with the horrific start, the Caps are still poised to make a playoff run.

In the press release announcing the contract, Alex is quoted saying “I want to bring the Stanley Cup to Washington”. Even if they do make the playoffs, I think the Caps are still a year or two away from honestly being competitive for the Cup – though I’d love to be wrong about that. Either way, it’s nice to know Alex has 13 years to make the Caps’ Stanley Cup dreams a reality.

To quote Mike Vogel, “It feels like morning in Washington.” I may be displaced in the “wrong” Washington, but I feel it just the same.

• I’ve been off for two weeks, so getting back into “the swing” of things will probably take a day or two – both at work and on my blog. Hope everyone had a happy holiday season.
• I ended the year with 245 blog posts, which wasn’t quite as many as either of my first two years blogging, but was much more than I had been writing for the last two years.
• It was a Zune Xmas in the Pierson house. I got a pink Zune for my wife, and my mother and father got Zunes for each other. I got to load them all up with content for Xmas morning. Maybe I’m just used to WMP, but I’m not a huge fan of the Zune software. Yes, it’s very pretty but it’s missing some fairly basic features like automatic down-sampling lossless music. On the other hand, the on-device experience rocks and my wife is using her Zune regularly. I’ve got a trip to England coming up in April, and I’m thinking about getting one of the new 80GB ones for the trip.
• They lost any chance of playing for the national championship, but USC sure looked like a champion yesterday. Seems appropriate for this crazy college football season that if Ohio State doesn’t win big, pretty much all the other BCS bowl winners with a legitimate argument to be #1.
• The Caps beat the eastern-conference leading Senators yesterday for the third time this season and the second time in four days. They have 13 points in the last ten games and 10-5-4 since Boudreau took over as coach. If they keep that pace up, they would likely make the playoffs – that would be quite a feat given their horrific start.
• Speaking of hockey, I watched most of the Winter Classic yesterday, including the game-winning shootout goal by the Anointed One. It was really strange but cool to watch a hockey game between snowflakes. I agree with Scott Burnside’s take that these outdoor games are good for the league, but shouldn’t be a regular part of the season.
• I finished Portal yesterday – that’s a fantastic game. I also got Mass Effect, so now I need to decide which to take on first: that or Half-Life 2.
• A few months ago, I was thinking about using HomePlug for home networking but decided to upgrade my wireless network instead. But recently I’ve started streaming movies from my loft computer to my Xbox, and the wireless network isn’t always up to the task. I could run CAT5, but there’s already an unused coax cable running up to the loft and I wondered if I could just use that? I discovered the Multimedia over Coax Alliance, but none of their certified products appear to be available. Those products have to share the home coax network with the cable company, but I can dedicate my coax cable. Anyone know a way to use coax to bridge CAT5 networks? Even something DIY?

• Quick update to the DevHawk 2007 World Tour: I won’t be making it to the SOA & BP Conference. Riley’s having her tonsils out. As much as I’d like to hang with my geek peeps, family is the priority. But I can still make an evening event or geek dinner later in the week if anyone is game.
• Caps season-opening winning streak continues. Still 100% on the PK, though the power play is pretty anemic. As I said yesterday, it’s WAAAAY to early in the season to start bragging, but starting strong is much better than starting weak.
• Speaking of hockey, looks like the NHL Network is launching in the US this month (it’s been available in Canada since 2001). Also, NHL.tv is up and running. Those wishing to see Caps highlights can go directly to Capitals.NHL.tv. Unfortunately, if you want to see full games, you’ve got to subscribe to Center Ice or Center Ice Online to the tune of $150. But I don’t want to get “up to 40 games each week”, I just want the Caps games. Between the time zone difference and kids, it’s not like I have time to watch that much hockey anyway. Why can’t I subscribe to just the Caps games online for say $25 a season?
• Finished Halo 3 Sunday night. Fun game and a great end of the trilogy. Looking forward to what the newly-independent Bungie does next. Something tells me we haven’t seen the last of Master Chief. However, I do think Bioshock has better and more original storytelling. Mass Effect looks like it’ll be better still.
• Sam Gentile pointed out that his Neudesic colleague David Pallmann has posted a series of WCF tips. Several of them are right on the money like “Take Advantage of One Way Operations” and “Use a Discovery Mechanism to Locate Services“. However, I can’t agree with “Maintain a Service Catalog“. David warns that if you don’t, “The left hand won’t know what the right hand is doing.” Of course, that’s probably the case regardless of how you maintain your service catalog. And “Retry on minor failures“? That’s fine, if you’ve got an idempotent operation. Unfortunately, most non-read operations aren’t idempotent unless you take the time to design them that way. And most people don’t.
• Speaking of Sam, he’s blown up his CodeBetter blog and walked away from the ALT.NET crowd. I’ve not been a fan of this ALT.NET stuff since it surfaced – as Sam said, “ALT.NET is a divisive thing” – so I’m happy to see my good friend walk away from it.
• Speaking of ALT.NET, Scott Hanselman blogged about previewing the new ASP.NET MVC Framework at the ALT.NET conference. Like Sam, Scott thinks the term ALT.NET is “too polarizing”. I like Scott’s suggestion for Pragmatic.NET. Oh, and the MVC framework stuff looks cool too.
• Reading Dare’s description of OAuth gave me a distinct sensation of deja-vu.

“Looks like I picked the wrong week to stop sniffing glue”
Steve McCroskey, Airplane!

• So it’s been a while since my last post. Just over a month, not including The F5 High, which wasn’t “original IP”. Frankly, I just stopped reading pretty much cold turkey. I wanted and needed to go heads down on day job stuff for a while. Since I haven’t been reading, Morning Coffee is going to be a little cold while I ramp back up.
• The new NHL season is upon us, and the Caps are looking good so far. Obviously, they have the new uniforms, but they’re also out to a 2-0 start for the first time in five years. And in those two games, they’ve only allowed one goal and are 100% on the PK. It’s nice to see them start strong, but obviously there’s a long way to go. Here’s hoping the can stay strong all season.
• Speaking of staying strong, the wheels that were rattling last week came off the Trojan bandwagon completely this week. I’m not sure it’s as big an upset as Appalachian State beating Michigan but it’s close. What happened to the team that scored 5 TD’s in a row on Nebraska?
• Big news last week is that MSFT is going to release the source code to much of the .NET Framework. Scott Guthrie has the details. Frankly, between Rotor & Reflector, it wasn’t like you couldn’t see the source code anyway, so this seems like a no-brainer. But integrating it directly into the VS Debugging experience, that’s frakking brilliant.
• I haven’t had a chance to install the new XML Schema Designer (Aug 07 CTP)  but I was really impressed with this video. The XML Team blog has more details. However, I’m not sure what the ship vehicle is. The CTP install on top of VS08 beta 2, but in the video they keep saying “a future version” of VS, implying that it’s not going to be in VS08.
• Dare is spending some time investigating SSB. I think it’s interesting that some of the REST crowd are starting to see the need for durable messaging. Dare argues that the features and usage models are more important than wire protocol. As long as it’s standardized, I don’t care that much about the protocol. Several of the REST folks mentioned AMQP. While I’ve got nothing against AMQP technically (frankly, I haven’t read the spec), but what does it say about durable messaging vendors (including MSFT) that a financial institution felt the need to drive an interoperable durable messaging specification?

• My Virtual TechEd Session What is Project Rome? got posted. It’s only 8 minutes long, so as you might expect it’s fairly high level. Thanks to Jon Flanders for handling interview duty.
• QUT’s Garden Point Ruby.NET compiler is now the Ruby.NET open source project.
• The NHL is partnering with NeuLion to provide IPTV services for NHL team websites. They piloted with the Islanders last season. Wouldn’t it be cool to get my favorite team’s IPTV channel on my Xbox 360?
• Speaking of Hockey,
  
  I like this new NHL 08 trailer. It’s about Reebok’s new uniform system, so it focuses on the teams with new uniforms, including the Caps. It does feature marquee players from rival teams like Sidney Crosby and Eric Staal (who is the cover athlete) heavily. But any video featuring Ovechkin’s stick handling, Semin scoring and Crosby falling to the ice is OK in my book.
• Speaking of Video Games, the XNA Dream-Build-Play contest is over. You can see and download some of the submitted games over on Ziggyware. Some of them look awesome. (via Michael Klucher)
• I said on Wednesday that it was a slow week. It may be, but I’ve also been less than motivated on pretty much all geek fronts this week. Not sure why.