From Sportsnet's Elliotte Friedman, via Pro Hockey Talk's Mike Halford:

Sometime this week, teams were informed of the breakdown for the Mike Richards settlement with the Los Angeles Kings.

The total payout is $10.5 million through the 2031-32 season, not 2030-31 as I originally reported. It is not evenly spread out over that time. The Kings chose to take the biggest hit this season.

The first five years feature an additional $1.32 million cap recapture penalty on top of the salary paid.

Continued