Capitals looking to unload contracts

Capitals players haven't shown many signs of breaking out, so any trades will only serve to dump salaries.

Updated: November 12, 2003, 2:21 PM ET
By By Jim Wilkie | NHL Insider
A league-worst 3-11-1 record might not be the biggest problem for the Washington Capitals.

Poor crowds and reports of huge financial losses likely mean the team will not receive any significant help in getting back on track this season. Capitals players haven't shown many signs of breaking out of the doldrums, so with the season on the verge of looking lost, any trades will only serve to dump salaries.

Olaf Kolzig
The Capitals might be ready to part with Olaf Kolzig.
The Capitals and owner Ted Leonsis are preparing for losses up to $30 million this season, according to The Washington Post. The newspaper stated Leonsis' losses since he and other investors bought the team in 1999 will approach $100 million, so unless the team stages a sudden turnaround, the club's management will eventually decide to skate a last-place team for cheaper than the current $49 million payroll.

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