Kukla's Korner Hockey
by Paul on 06/27/13 at 11:43 AM ET
from Larry Brooks of the New York Post,
Richards, who struggled through the worst season of his career in the absence of training camp and a defined offseason during which he was involved in CBA negotiations, has seven years with an annual cap charge of $6.67 million remaining on his contract.
There is a sense that the Rangers would prefer not to exercise the buyout but want to retain the option in case a player becomes unexpectedly available to them leading up to July 4 and the club would thus need to free up Richards’ cap space in order to add him.
The club could defer the buyout until next summer's final amnesty period but a 2013-14 injury could complicate matters by rendering Richards ineligible for a buy-out This would thus leave the Rangers vulnerable to substantial cap-recapture penalties should the 33-year-old center opt to retire at any point before the end of the contract that runs through 2019-20.
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Most Recent Blog Posts
About Kukla's Korner Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
Email Paul anytime at firstname.lastname@example.org