Richard Panik signed a four-year, $11 million contract with the Washington Capitals on Monday. It has an average annual value of $2.75 million.
The 28-year-old forward had 33 points (14 goals, 19 assists) in 75 games with the Arizona Coyotes last season.
Selected by the Tampa Bay Lightning in the second round (No. 52) of the 2009 NHL Draft, Panik has 159 points (75 goals, 84 assists) in 410 regular-season games with the Lightning, Toronto Maple Leafs, Chicago Blackhawks and Coyotes. He has four assists in 12 Stanley Cup Playoff games with Tampa Bay and Chicago.