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Details of Mike Richards settlement available

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

Filed in: | KK Hockey | Permalink
  Tags: los+angeles+kings, mike+richards

Comments

Mistercristo's avatar

Good.  No cap circumvention for Dean and “Derek Jeter”.  Someone please give Lombardi a drug test before he tries anything else this asinine.

Posted by Mistercristo from Cameron Frye's garage, circa 1987 on 10/16/15 at 10:37 AM ET

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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 pk@kuklaskorner.com