Alex Ovechkin and the Washington Capitals have yet to find the "sweet spot" for his next contract, general manager Brian MacLellan said Friday.

Ovechkin, in the final season of a 13-year, $124 million contract (average annual value $9.538 million) he signed Jan. 10, 2008, can become an unrestricted free agent after this season. As he did in 2008, the 35-year-old forward is negotiating his contract without an agent.

"I don't really have an update," MacLellan said. "It's the same as it's been all year. We want him to finish his career here, and I think he wants to finish his career here, and at some point we'll get it done."