With only a month before free agency begins, the Washington Capitals and Mike Ribeiro are not any closer coming to an agreement on a contract extension than they were at the end of the season. Ribeiro is set to become an unrestricted free agent come July.
Ribeiro has said that he enjoys playing and would like to retire in Washington, but that may not look likely with how little the contract talks between the two sides have progressed. Reports have been that the Capitals originally offered Ribeiro three years at $14 million back in March, but that he rejected that offer. It looks like the two cannot get closer to an agreement. Ribeiro has made it clear that, although he would listen to what they had to offer, he would like a multi-year deal of four to five years; however, at his age, it would lead you to believe that Washington is not willing to offer him that many years as most teams typically are not. He also said that he is not looking to be selfish.
There is definitely a difference between a contract made up of three years and one for four-to-five years, so it would appear that the sticking point will likely be the number of years. If Ribeiro stands firm on the amount of years then my guess would be that he will be playing elsewhere next season.