The Washington Capitals re-signed a big depth player in their organization.

Hershey Bears’ first-line center, Michael Sgarbossa, agreed to a two-year extension that will keep him under the Capitals’ umbrella through the 2024-25 season.

Sgarbossa, 30, is part of the Bears’ leadership committee as an alternate captain. He was nearly a point-per-game player this season, tallying 58 points in 60 games. His 21 goals and 58 points were the second-most of his career. Sgarbossa also tallied a career-high five game-winning goals.

According to Cap Friendly, Sgarbossa will earn the veteran minimum, $775k, at the NHL level, but will be one of the highest-paid players in the AHL, receiving $525k there.

#ALLCAPS signed Michael Sgarbossa to an extension.

2 year / 2-way deal

Breakdown in both seasons:
NHL: $775,000
Minor: $525,000https://t.co/pc7fDqX1YS

— CapFriendly (@CapFriendly) May 5, 2023

The signing comes the day after Hershey eliminated the Charlotte Checkers from the postseason in the Atlantic Division semifinals. Sgarbossa had three points in the four-game series, scoring a goal in Game One.

Sgarbossa formed one of the most electric lines in the AHL this season with Mike Vecchione and rookie Ethen Frank, who earned an NHL contract in the spring.

Sgarbossa has played 65 games over parts of seven seasons in the NHL as well, chipping in four goals and 16 points. He’s played 17 games for the Capitals, all under Peter Laviolette, scoring two goals and registering six points.

May 8 update: The Capitals just made Sgarbossa’s contract extension official.

NEWS | The Washington Capitals have re-signed forward Michael Sgarbossa to a two-year, two-way contract ($775,000/$525,000).#ALLCAPS

— Washington Capitals (@Capitals) May 8, 2023

The Capitals’ press release is below:

Capitals Re-sign Michael Sgarbossa
Foward signs a two-year, two-way contract

ARLINGTON, Va. – The Washington Capitals have re-signed forward Michael Sgarbossa to a two-year, two-way contract ($775,000/$525,000), senior vice president and general manager Brian MacLellan announced today.

Sgarbossa, 30, recorded 58 points (21g, 37a) in 60 regular-season games with the Hershey Bears of the American Hockey League (AHL) this season. The 6’0″, 187-pound forward led Hershey in assists, points and power-play assists (16). In addition, Sgarbossa ranked tied for first on the team in game-winning goals (5), second in power-play points (18), tied for second in plus/minus (+19) and third in goals. Sgarbossa’s 58 points marked his highest single-season point total since 2018-19 (65p in 75 GP), his first season with the Bears, while his 37 assists marked a career high. In 218 games with Hershey, Sgarbossa has recorded 194 points (79g, 115a).

Sgarbossa tallied three points (1g, 2a) in Hershey’s four-game Atlantic Division Semifinals series against the Charlotte Checkers.

The Campbellville, Ontario native has appeared in 17 games with the Capitals since the 2019-20 season, recording six points (2g, 4a). In 65 career NHL games with the Capitals, Florida Panthers, Anaheim Ducks and Colorado Avalanche, Sgarbossa has recorded 16 points (4g, 12a). Sgarbossa has recorded 393 points (151g, 242a) in 530 career AHL games with the Bears, Manitoba Moose, San Diego Gulls, Springfield Thunderbirds, Lake Erie Monsters and Norfolk Admirals.

Headline photo: Kyle Mace/Hershey Bears