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A Settlement Being Worked On Between Mike Richards And LA Kings

from Bob McKenzie of TSN,

No one - not the Los Angeles Kings or Mike Richards and his representatives want to even acknowledge it due to the sensitivity of the subject matter – but there continues to be intense efforts to reach a negotiated settlement over their differences.

It sounds like talks are far enough along that it could possibly get wrapped up today, but that is by no means guaranteed.

It's a delicate and complicated case, to be sure. At least a couple of times in the last couple of weeks, settlement was believed to be getting closer, only to see it not nailed down. But the two parties have been working hard to get it done. It appears it's getting closer again. But as we so often say in difficult negotiations like these, it's not a done deal until it's signed, sealed and delivered and it's not there yet.

continued

Filed in: NHL Teams, Los Angeles Kings, | KK Hockey | Permalink
  Tags: mike+richards

Comments

Avatar

How can there be a settlement? Either LA had the right to terminate Richards’ contract or they didn’t. If they did, then the matter is over and Richards is a UFA and his contract is off LA’s books. If they did not, then his salary should still count against Kings’ cap.
There is going to be a lot of pissed off GMs in the league is Kings somehow get away with this.

Posted by George0211 on 10/07/15 at 02:49 PM ET

Navarath's avatar

So this will be the new way to circumvent the cap? Just terminate a player’s contract for some trumped up reason - then negotiate a settlement (ie pay them off).

Posted by Navarath on 10/07/15 at 02:52 PM ET

Paul's avatar

Frank Seravalli tweet,

Can’t imagine teams will be thrilled if Richards settlement has #LAKings on hook for less than buyout terms, which incl. cap hit until 2025.

Or fans too!

Posted by Paul from Motown Area on 10/07/15 at 03:06 PM ET

Hank1974's avatar

Actual screenshot of Richards celebrating with his settlement fund:

Posted by Hank1974 on 10/07/15 at 04:06 PM ET

Avatar

How can there be a settlement? Either LA had the right to terminate Richards’ contract or they didn’t. If they did, then the matter is over and Richards is a UFA and his contract is off LA’s books. If they did not, then his salary should still count against Kings’ cap.
There is going to be a lot of pissed off GMs in the league is Kings somehow get away with this.

Couldn’t have said it better myself. 

Are the other GM’s in the league going to allow this to happen?  Seriously?

Posted by gretzky_to_lemieux on 10/07/15 at 04:34 PM ET

Avatar

Absolutely ridiculous if the league allows this. Blatant cap circuvention.

Posted by teldar on 10/07/15 at 11:00 PM ET

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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.

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