By Michael Grimm

The Capitals are signing longtime Rangers goaltender Henrik Lundqvist today as NHL free agency began, TSN’s Bob McKenzie reports.

According to McKenzie, the 38-year-old goalie is expected to sign a one-year contract valued at $1.5 million.

Lundqvist was bought out by the Rangers last week after 15 seasons in New York, where he carved out a Hall of Fame resume and became the sixth winningest goaltender in NHL history (459 wins). ‘The King’ is 14th all time with 61 playoff wins, although he’s never won a Stanley Cup.

Per McKenzie, his deal with the Capitals ” would make Lundqvist ‘whole’ on $4.5M salary he was scheduled to get for 20-21. $3M of it would be in his buyout from the Rangers (paid out over two years) but $1.5M would top him back up to $4.5M total.”

McKenzie first reported early Tuesday morning the Caps had emerged as the clear frontrunners to sign Lundqvist once free agency began.

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