Kukla's Korner Hockey
Details of Mike Richards settlement available
by George Malik on 10/16/15 at 09:13 AM ET
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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.
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Tags: los+angeles+kings,
mike+richards
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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.
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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