Kuznetsov was a restricted free agent and the Capitals had extended a $945,000 qualifying offer before the sides agreed to the two-year deal. The Capitals were discussing a two- or three-year contract, Kuznetsov's agent told The Washington Post.
Kuznetsov, 23, had 37 points in 80 games during his first full NHL season this year. He added five goals and two assists during Washington's 14 playoff games.
Kuznetsov enjoyed an increased role in the postseason, centering the team's top line with Alex Ovechkin and Joel Ward. Ward has since signed with the San Jose Sharks.
- Dan Gartland