Pittsburgh Penguins center Sidney Crosby (87) talks with Washington Capitals...

Pittsburgh Penguins center Sidney Crosby (87) talks with Washington Capitals right wing Tom Wilson (43) during the second period of an NHL hockey game, Feb. 23, 2021, in Washington. After lengthy playoff streaks ended, the Penguins and Capitals are making moves to get back in the mix now. The Capitals re-signed Wilson for $45.5 million over seven years. Wilson turns 30 before his new deal starts. The deal doesn’t make Washington any younger, and it's a significant gambles for an older team that has won the Stanley Cup and are trying to keep contending. Penguins captain Sidney Crosby celebrated his 36th birthday Monday, and Capitals counterpart and longtime rival Alex Ovechkin turns 38 next month. Credit: AP/Nick Wass

The Stanley Cup banners hanging in Pittsburgh and Washington aren't collecting dust yet. The Penguins won their third, fourth and fifth championships in 2009, 2016 and 2017, while the Capitals hoisted the Cup for the first time in franchise history in 2018.

Still, the core players from those title-winning teams aren't getting any younger: Sidney Crosby celebrated his 36th birthday Monday and Alex Ovechkin turns 38 next month. The Penguins' 16-year playoff streak and the Capitals' eight-year playoff streak ended last season.

The moves made this summer show both teams are willing to sacrifice some future success to keep winning now. Pittsburgh over the weekend traded several players and two high draft picks to land Norris Trophy-winning defenseman Erik Karlsson, a deal that came on the heels of Washington signing power forward Tom Wilson to a seven-year contract extension.

New Penguins general manager Kyle Dubas and longtime Capitals GM Brian MacLellan are trying to jam open their teams' contending window as long as possible — a difficult task in the NHL in the salary cap era.

“It is challenging," MacLellan said. “We got some young guys that are still coming, but our goal is to remain competitive. I think it’s a tricky balance, but we’ll see if we can pull it off. I think it’s important for Ovi, for all our veteran guys that we remain competitive, give them a chance to compete.”

In replacing Ron Hextall and Brian Burke — they were fired after Pittsburgh missed the playoffs for the first time since 2006 — Dubas took a big swing at upgrading immediately by getting Karlsson from San Jose. Perhaps more significant than what he gave up is the $10 million annually the Penguins have committed to the 33-year-old Swede over the next four seasons.

Dubas isn't worried about sending a message to veteran leaders like Crosby, Evgeni Malkin and Kris Letang or coach Mike Sullivan. But it speaks volumes about the direction the team is going in, with no sign of a rebuild in sight.

Metropolitan Division's Alex Ovechkin (8), of the Washington Capitals, shoots...

Metropolitan Division's Alex Ovechkin (8), of the Washington Capitals, shoots past Atlantic Division's Steven Stamkos (91), of the Tampa Bay Lightning, and Erik Karlsson (65), of the Ottawa Senators, during the NHL hockey All-Star game, Jan. 28, 2018 in Tampa, Fla. After lengthy playoff streaks ended, the Pittsburgh Penguins and Capitals are making moves to get back in the mix now. The Penguins traded for Karlsson and took on the final four years and $40 million on his contract, and the Capitals re-signed power forward Tom Wilson for $45.5 million over seven years. Karlsson is 33. Wilson turns 30 before his new deal starts. Those deals don’t make Pittsburgh or Washington any younger, and they’re significant gambles for old teams that have won the Stanley Cup and are trying to keep contending. Penguins captain Sidney Crosby celebrated his 36th birthday Monday, and Capitals counterpart and longtime rival Alex Ovechkin turns 38 next month. Credit: AP/Chris O'Meara

“I think it’s just the affirmation that we believe that they have a chance to contend and compete for a championship, and there’s a lot of work that has to be done,” Dubas said. “Obviously, the team missed the playoffs last year and there’s no dancing around it and we’ve tried to supplement as best we can."

MacLellan, unlike Hextall, sold at the trade deadline when it was clear Washington was likely to miss the playoffs. He, too, has tried to supplement the core that remains from the Cup run, signing winger Max Pacioretty and trading for defenseman Joel Edmundson.

Pacioretty turns 35 in November and Edmundson is 30 — the same age Wilson will be when his new $45.5 million contract kicks in for the 2024-25 season. Nicklas Backstrom is nearing 36, T.J. Oshie turns 37 in December and John Carlson 34 in December.

The Capitals think that experience can be a benefit in trying to get back into the playoffs.

San Jose Sharks defenseman Erik Karlsson against the Pittsburgh Penguins...

San Jose Sharks defenseman Erik Karlsson against the Pittsburgh Penguins during the third period of an NHL hockey game in San Jose, Calif., Feb. 14, 2023. The Pittsburgh Penguins have acquired Karlsson in a blockbuster trade with the Sharks. Pittsburgh traded a 2024 first-round pick, forward Mikael Granlund and defenseman Jan Rutta to San Jose and goaltender Casey DeSmith and defenseman Jeff Petry to Montreal as part of the deal for the reigning Norris Trophy winner. Credit: AP/Godofredo A. Vásquez

“There’s a lot of winners in that room, and when you don’t make the playoffs, it’s a failure,” Wilson said. “We’re hungry, we’re excited to get back at it and get this thing moving back in the right direction.”

The timeline is clear. Ovechkin is signed for three more years and is in hot pursuit of Wayne Gretzky's career goals record, currently 75 behind a mark that long seemed impossible to approach.

Wilson's deal carries him four years beyond Ovechkin with the expectation he'll become the face of the franchise and succeed his longtime Russian teammate as captain. But it also locks him in at a $6.5 million cap hit through 2026 to contribute to the Gretzky chase and perhaps another playoff run or two.

“We’re going to keep pushing,” Wilson said. “A good team and a team that’s winning games means he’s scoring goals, and we’re checking both those boxes at the same time.”

The Penguins, with Malkin 37 and Letang 36 like Crosby, are determined to win enough games to remain a perennial playoff team. That's no easy task in the Metropolitan Division trying to keep up with Carolina, New Jersey and the New York Rangers and in the Eastern Conference with young Buffalo and Detroit among the teams on the rise.

Getting Karlsson should be a boost, at least in the short term, as Dubas tries to silence the doubters who don't think Pittsburgh can remain in the Stanley Cup mix.

“We have to go out and prove it,” he said. “I think the doubts are fair. I think the criticisms are fair. Now we have our belief, and then it’s about us to go and execute it.”

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AP Sports Writer Will Graves contributed.

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