Player Ranks: Alex Ovechkin tops list

After a down season, Alex Ovechkin projects as the league's MVP in 2011-12. Tom Szczerbowski/US Presswire

Editor's note: These rankings are based on player production in terms of Hockey Prospectus' GVT valuation metric. If you are unfamiliar with GVT and how it works, you can find more here.

A new season is nearly upon us, and Hockey Prospectus will again monitor the Hart Trophy race. Periodically throughout the season, the prospectus will provide updated standings for the top 10 skaters and top five goalies in the NHL -- Player Power Rankings -- based on HP's proprietary value metric, GVT, which includes both offensive, defensive and shootout components. To get things started for the 2011-12 season, Prospectus turns to its VUKOTA projections to see which players appear to be heading for big things in the campaign to come.

The following represents the most valuable projected players for 2011-12.