Alex Ovechkin has been eligible to sign a contract extension with the Washington Capitals since July.

It hasn’t happened yet, and it’s not exactly clear when it will.

Ensuring that the most consequential player in franchise history gets re-signed and is pleased with the deal is of utmost importance. But it’s also a process complicated by a number of variables, including a flat salary cap, Ovechkin’s age (he’ll be 36 at the start of next season), his pursuit of Wayne Gretzky’s record for goals, the upcoming Seattle expansion draft, and everyone’s desire for Washington’s longtime captain to be surrounded with enough talent to play on a contender for years to come.

Not much is known publicly about the negotiations, which are being handled between management and Ovechkin. The future Hall of Famer did not use an agent when he signed a 13-year, $124 million contract in 2008, and he’s not using one this time, either.

Another reason for the silence: Ovechkin has insisted that the conversations — which are expected to gather momentum soon — remain confidential. The last time he provided an update to the media about the talks, Ovechkin uttered two words. “Same,” he said. “Nothing.”

What we do know, however, is that both the player and the club have repeatedly expressed their commitment to seeing No. 8 finish his career in D.C. We also know that if there were any concerns about whether this would be the season Ovechkin’s goal-scoring prowess dropped off, it’s now obvious that those worries were unfounded.