Projected Cap Space: 0
The Capitals did not do much this offseason. After the team won the Cup last season, management decided to not add any extra depth. They traded Philipp Grubauer and let long-time Capital Jay Beagle walk. They signed Tom Wilson to a terrible contract that they will regret. But they locked up some key players in John Carlson and Michal Kempny. I would still consider them a Cup contender, but the road will be much tougher for them.