Caps may be winning, but at what cost?

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Last night at Madison Square Garden, Alex Ovechkin spent just 13:36 on the ice, a career playoff low.

But Ovechkin wasn’t the only Capitals star that saw reduced playing time during Washington’s 3-2 victory over the Rangers: Nicklas Backstrom (16:18), Alex Semin (12:27), and Mike Green (18:14) each sat longer on the bench than they’re used to.

All told, those four account for over $28 million in cap space.

Meanwhile, career third- and fourth-liners like Jay Beagle (19:58) and Matt Hendricks (15:26) have become coach Dale Hunter’s go-to guys, particularly when the Caps are leading like they did for most of yesterday’s game.

“You need them players. They play hard every night,” Hunter said. “The press don’t write about them a lot. They’re the foot soldiers of the team. These guys come up and come playoff time, that is how you win games like tonight. It is a grind out there.”

With that in mind, here’s a question I’ve got for Caps fans – is winning the only thing that matters to you? Or, is there something to be said for the entertainment value of the product?

I’d also ask Caps owner Ted Leonsis that question. Because if he hasn’t noticed, there aren’t many fans sporting Beagle jerseys at the Verizon Center.

For all those who say Ovechkin is overpaid, maybe he is from a pure hockey perspective. But he’s more than earned his salary from a business perspective.

According to Forbes, Washington’s franchise value has risen from $115 million in 2004, the year Ovechkin was drafted, to $225 million today.

Without Ovechkin, is it anywhere near that level?

All I know from living in Vancouver is that the Canucks didn’t become a license to print money until 2002 when Markus Naslund, Todd Bertuzzi and Brendan Morrison came together to form the West Coast Express. It wasn’t just about winning in this city — it was about winning and scoring lots of goals at the same time.

Clearly style matters when selling tickets. Just ask the New Jersey Devils, one of the most successful teams on the ice the last 20 years. Yet the Devils have rarely been a hot ticket. There are other reasons for that (arena location, less-than-fantastic marketing, etc.), but being associated with boring hockey didn’t help their brand.

Nor was the NHL’s brand shining particularly bright during the dead-puck era, which is why the decline in scoring should have it concerned enough to explore ways to encourage offense, not defense.

Holtby ‘wasn’t as sharp as he can be,’ says Trotz

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Presidents’ Trophy winners once again in the regular season, the Capitals once again face an uphill climb if they are to advance beyond the rival Penguins and the second round of the playoffs.

What began with a strong first period for the Capitals in Game 2, albeit without a reward on the score board, faded into a frustrating 6-2 rout, as the Penguins took a commanding 2-0 series lead as it shifts back to Pittsburgh for a pivotal Game 3 on Monday.

Braden Holtby was pulled after the second period. He gave up three goals on 14 shots, while his opponent at the other end, Marc-Andre Fleury was brilliant with 34 saves.

“He’ll tell you that he can be better. He’s a straight up guy and he will be. I was just trying to change the mojo,” said Capitals coach Barry Trotz of his decision to sit Holtby.

“I thought some of the goals, he wasn’t as sharp as he can be for us. He’s a game-changer for us. So when he didn’t change the game, I just looked to change the mojo a little bit there. That’s all. Braden’s our backbone. He has been all year. We’ve got to find some goals for him, too. We can’t just put it on Braden Holtby.”

Now in a deep but not insurmountable hole against the defending Stanley Cup champs, the Capitals reportedly held a players’ only meeting following this latest defeat.

After failing to open the scoring in an otherwise dominant first period, Washington surrendered three goals in the second, as the Penguins broke it wide open with their transition game, led by two great plays from Sidney Crosby.

“We can’t get frustrated. I think that would be our biggest mistake is to get frustrated right now,” said T.J. Oshie, before expanding on the meeting between the players.

“It was things that people need to say and things that some people need to hear. We were very together with what we said. I don’t need to go into details. Sometimes in our game … you need to hear from your teammates more than your coach. And tonight was one of those nights.

“It was the players in here and what was said is what needed to be said.”

We’ll find out Monday if what was said actually has any impact on the ice.

Penguins rout Capitals to take commanding series lead

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The Washington Capitals are in trouble. Against the Pittsburgh Penguins.

Again.

Despite a dominant first period, at least in terms of shots on Marc-Andre Fleury and puck possession, the Capitals saw this game go sideways in a hurry during the second period, on the way to a 6-2 loss to the Penguins in Game 2.

Washington is now in quite a hole, trailing its nemesis 2-0 in this second-round series.

Last year, Matt Murray stymied the Capitals. Though it’s only been two games this year, Fleury has stepped up in the absence of the injured Murray and given the Penguins solid goaltending and frustrated a dangerous Capitals lineup.

After withstanding the storm of pressure from the Capitals in the first period, the Penguins broke this game open with a trio of second-period goals. It started with a shorthanded goal from Matt Cullen, and later continued with a beautiful goal from Phil Kessel and then Jake Guentzel‘s sixth goal of these playoffs.

That led Barry Trotz to take Braden Holtby out of the game, after he gave up three goals on 14 shots, putting in Phillip Grubauer to begin the third period. The Penguins continued the onslaught.

For the Penguins, there are some injury concerns to keep an eye on.

Patric Hornqvist left the game in the first period after blocking a shot around his foot or ankle. He didn’t return. Ron Hainsey had to go to the locker room late in the third period after taking an Alex Ovechkin shot up around the head.

Game 3 goes Monday in Pittsburgh.

‘I wasn’t good enough,’ says Lundqvist after double OT loss to Senators

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The task wasn’t impossible, but certainly daunting.

The Ottawa Senators needed five goals on Henrik Lundqvist just to send Game 2 into overtime.

The Rangers goalie had been spectacular for most of this post-season entering Saturday’s contest, but the Senators, led by a sensational four-goal performance from Jean-Gabriel Pageau, found a way to break through for a 6-5 double overtime win to take a 2-0 series lead against New York.

They did so on just 34 shots through almost 83 minutes against Lundqvist.

“I wasn’t good enough,” said Lundqvist, per the New York Daily News. “Coming up with the extra save there in the end, that’s my job. Even though it’s tough plays on deflections, I’ve got to find a way.”

On three occasions, the Rangers held a two-goal lead. That includes with under five minutes remaining in regulation. They even had a pair of shorthanded goals. But they couldn’t hang on, as Pageau scored twice in the final 3:19 of regulation to record his hat trick.

That set the stage for the eventual winner, as he beat Lundqvist over the left shoulder with a shot from his off-wing on a two-on-one rush.

With the Senators in control, the series returns to New York for Game 3 on Tuesday and Game 4 on Thursday.

“We played well enough to win this game, there’s no question about it,” said Lundqvist. “It’s really tough to lose this one. Clearly they’ve gotten the bounces here in the first two games.”

Capitals’ Holtby begins third period on the bench, Grubauer takes over in net

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Braden Holtby began the third period of Saturday’s Game 2 on the bench, giving way to Philipp Grubauer.

The Washington Capitals fell behind the Pittsburgh Penguins 3-1 after two periods, with Holtby allowing three goals on just 14 shots. It will be interesting to hear the reason for this decision from coach Barry Trotz following the game.

The Capitals had dominated on the shot clock, but gave up a pair of quick goals to fall further behind Pittsburgh in this game, while trailing in the series 1-0.

Phil Kessel — on a great play from Sidney Crosby — and Jake Guentzel scored 3:10 apart to give Pittsburgh a two-goal lead.