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All of these moves speak to a cap flexibility that the Capitals didn't always anticipate. One of the primary differences between the Capitals' resurgence and the Penguins' fade is the composition of their respective cores. Pittsburgh has $30.9 million in cap space dedicated to Crosby, Evgeni Malkin, Kris Letang and Erik Karlsson -- 35% of its cap space dedicated to four players.
The Capitals used to have a similar plight with Ovechkin ($9.5 million), defenseman John Carlson ($8 million), Backstrom ($9.2 million) and Oshie ($5.75 million). But Backstrom and Oshie are on long-term injured reserve this season. Backstrom returned from hip surgery to play just eight games last season before "stepping away from the game" last November. Oshie is expected to miss the entire season due to a chronic back injury.