Washington Capitals Sign Ethan Bear

12/28/23: The Capitals have now officially announced Bear’s signing, confirming the two-year term of the contract as well as its $2.0625MM cap hit.

12/20/23: Washington wrote on X this morning that the team is “expected to sign” Bear “at a later date,” adding that he is joining the team for their morning skate today.

12/11/23: The Capitals have made a contract offer to unrestricted free-agent defenseman Ethan Bear and are expected to close a deal in the near future, Sportsnet’s Elliotte Friedman reported on the 32 Thoughts podcast Monday.

CHEK’s Rick Dhaliwal added this morning that Bear’s agency has told his former team, the Canucks, that they’re out of the running for his services. Dhaliwal surmises that the key element in Bear’s decision will be term. The Capitals are one of the few teams prepared to offer Bear a multi-year deal, Friedman said, while the Canucks don’t have the financial flexibility to offer Bear anything more than a one-year, $1MM-prorated deal.

Washington would be the fourth NHL stop for Bear, who has suited up for the Oilers, Hurricanes and Canucks since Edmonton drafted him 124th overall in the 2015 draft. After playing a limited role in Carolina in 2021-22, Bear signed a one-year, $2.2MM deal with the Hurricanes following an arbitration filing but was dealt to Vancouver, along with depth forward Lane Pederson, for a fifth-round pick in the first few days of the 2022-23 campaign. Bear rebuilt his market value in Vancouver, recording three goals, 13 assists and 16 points in 61 games while averaging 18:32 per contest and posting a 51% Corsi share at even strength.

Named to Canada’s roster for the 2023 World Championship, Bear went without a point in eight games before sustaining a shoulder injury that required surgery in mid-June, which carried a projected recovery timeline of six months. With Bear out long-term and his role on the squad moving forward uncertain, the Canucks opted not to issue him a qualifying offer and let him reach unrestricted free agency.

That isn’t to say Vancouver wasn’t interested in retaining the 26-year-old once he was ready to return to play, as they’ve remained in discussions with Bear’s camp and had made contract offers in recent days. With Bear reportedly prioritizing term, however, there was no clear path for a return to the Canucks.

Instead, he looks to join a Capitals defense that’s been solid this season in preventing quality chances against but hasn’t…