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The Washington Capitals signed star winger Alexander Semin to a one-year contract extension on Saturday.

Washington general manager George McPhee confirmed during Saturday's game against New Jersey that the 25-year-old Semin, whose current deal was set to expire at the end of the season, agreed to the extension.

"I am extremely happy to sign here," Semin said through an interpreter after the Capitals beat the Devils 4-1. "I like this team. I really like everything here."

The club did not disclose terms but contributor Pierre LeBrun said during the Hotstove segment on Saturday night's Hockey Night in Canada telecast that the deal is worth between $5-6 million US.

"He's one of the elite players in the league and to have him is great," Washington coach Bruce Boudreau said after the game.

LeBrun said he was surprised the Capitals only signed Semin to a one-year deal, considering how important he is to the team's offence.

But for Semin, the deal was enticing because "it bridges him to unrestricted free-agency in July 2011," said LeBrun.

 "I like it," said Hockey Night analyst Glenn Healy. "This guy is a star, and if he did go to salary arbitration, the Washington Capitals would have got killed."

Over the past two years, Semin has averaged an impressive 1.1 points per game, and is 14th overall in goal scoring over the last four years.

"You pay dearly for goal-scoring," said Healy. "All but one of those 14 players is making north of 6.4 million dollars [US]."

"This was a steal for the Washington Capitals and a good deal for the player who signed it," said Healy.

With files from The Associated Press