The Washington Capitals have reportedly agreed to terms with defenseman Martin Fehervary on a seven-year contract extension. The deal, which begins in the 2026-27 season, will carry an average annual value (AAV) of $6 million, totaling $42 million over the contract's term, and will run through the 2032-33 season.

This extension comes as Fehervary enters the final year of his current three-year contract, which carries a cap hit of $2.675 million. He would have become a restricted free agent (RFA) with arbitration rights next summer. By signing this extension now, the Capitals secure Fehervary's services through what should be the prime years of his career, while Fehervary more than doubles his current cap hit starting in 2026-27.

Fehervary, 25, was drafted by the Capitals in the second round (46th overall) in 2018. After getting a brief look in the NHL the following year, it took him three seasons to become a regular on the Capitals' blue line. Over his four full NHL seasons, he has averaged between 19 and 20 minutes of ice time per game, while also contributing secondary scoring. Last season, he posted a career-high 20 assists and 25 points. His best goal total came in his rookie year (2021-22) when he scored eight goals.

While not known for his offensive prowess, Fehervary has become a defensive anchor for the Capitals. Last season, he led the team in shorthanded ice time, averaging just over three minutes per game. He also consistently ranks among the team leaders in blocked shots and hits, notching a career-best 150 hits in the 2024-25 season.

With Fehervary's contract not kicking in until the 2026-27 season, the Capitals are projected to spend over $35 million on their defense for the upcoming season, according to PuckPedia. In 2026-27, their spending on defense is currently projected to be over $27.5 million. Fehervary is currently set to have the second-highest cap hit among Capitals defensemen in that season, behind Jakob Chychrun ($9 million). Veteran John Carlson will also be in need of a new deal at some point.