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Did the Philadelphia Flyers just make Ryan Leonard millions of dollars? The Leo Carlsson offer sheet has sent shockwaves through the NHL, and the Washington Capitals could be one of the next teams affected.
On today's Locked On Capitals, Dan Holmi breaks down how Leo Carlsson's record-setting $18 million AAV offer sheet changes the NHL's restricted free agent market, why Ryan Leonard's contract value may have just skyrocketed, and why Elliotte Friedman believes Washington should be paying close attention.
You'll also hear a full breakdown of Leonard's impressive rookie season, his long-term projection with the Capitals, the impact of the new NHL Collective Bargaining Agreement (CBA), Chris Patrick's salary cap strategy, Alex Ovechkin's team-friendly contract, and why the Capitals may need to act before the September CBA deadline.
If you're a Washington Capitals fan, this episode explains why Ryan Leonard's next contract could become one of the biggest storylines of the offseason.
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Listen guide
"Ryan Leonard's Next Contract Just Got More Expensive | Leo Carlsson Offer Sheet Changes Everything for Capitals" is an episode of Locked On Capitals - Daily Podcast On The Washington Capitals. Runtime 25 min. Published July 9, 2026. Hit play above to stream it here, or open the free Spot Sports app for background play and offline downloads.