Ribeiro has previously stated that he is seeking a long-term contract in order to keep his family in one place while his children finish high school. He has expressed a desire for a five-year deal, but has defined a long-term deal as anything beyond three years. This insinuates a four-year deal is the minimum length he is willing to accept.
On Wednesday, Ribeiro again said he would be willing to take less money in order to receive a long-term contract. If the Capitals are willing to give him that kind of deal, he would like to stay with the team, via Puck Daddy:
"If I can stay in the city and retire here. It's more about the kids. If I could stay in the city until they go to college."
Ribeiro is considered one of the top unrestricted free-agent forwards to hit the market this summer. It is anticipated that several teams will have an interest in him.
He is coming off a five-year, $25 million contract that carried an annual average value of $5 million against the salary cap.