"It doesn't surprise me because of our relationship," McPhee said Saturday when asked about acquiring Ovechkin, "but I don't think anything will happen there. There's too many jerseys with No. 8 on it in the seats in Washington to be moving that guy."
On Tuesday, Capitals GM Brian MacLellan said of Ovechkin, "Maybe at some point if there's a legitimate hockey deal that came available, but I don't know if that's where we're at right now."
McPhee also was asked about the possibility of acquiring forward Ilya Kovalchuk, who has said he would like to return to the NHL after playing four seasons in the Kontinental Hockey League. Kovalchuk's NHL rights are held by the New Jersey Devils, who would have to be the team that signs him and then trades him.
"We haven't had any discussions that I'd imagine would go down that path to talk to a player like Kovalchuk," McPhee said of the 34-year-old who scored 417 goals in 816 NHL games before playing in the KHL. "We'll be looking for younger players and people that will be with us three, four years from now."
The 30 other NHL teams have until 5 p.m. ET on June 17 to submit their list of protected players, and McPhee has been busy fielding trade offers from teams trying to avoid losing a player they may not be able to protect. Vegas is allowed to select on player from each team.
"We're far enough along with some teams that the plan is to sit on the phone, probably Monday or Tuesday, and work the phones to see what we can accomplish," McPhee said at the NHL Scouting Combine. "I didn't want to do anything prematurely. I wanted to see everything that might be out there and talk about what might be available before we started making commitments.
"We have a lot of teams that are offering us some big contracts, and I know what it's like to be on the other side and be tight on the [salary] cap. It's hard to move contracts, so they're looking at us like an opportunity to move a contract, and we'll take a few of those for the right price."