The Washington Capitals have re-signed restricted free-agent goaltender Philipp Grubauer to a one-year contract worth $1.5 million, the team announced.

Grubauer, 25, is arguably one of the league's best backup netminders. He posted a .926 save percentage and a 2.04 goals-against average in 24 games last season.

For his career, all of which has been spent in D.C., the Germany native owns a .923 SV% and a 2.25 GAA in 66 games.

While $1.5 million isn't much, every penny counts given the cap crunch Washington is in. After this re-signing, the club has just over $4 million in cap space, according to Cap Friendly, but it could still use one or two forwards and another two or three defensemen.

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