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Los Angeles Kings Terminate The Contract Of Mike Richards

LOS ANGELES -- The Los Angeles Kings have terminated the contract of forward Mike Richards, the club announced today.

The club has issued the following statement and will not comment any further at this time:

“The Los Angeles Kings today have exercised the team's right to terminate the contract of Mike Richards for a material breach of the requirements of his Standard Player's Contract. We are not prepared to provide any more detail or to discuss the underlying grounds for the contract termination at this time.”

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

Comments

Paul's avatar

Certainly does not sound like a buyout to me. 

Guess we will find out more in the upcoming days.

Posted by Paul from Motown Area on 06/29/15 at 02:38 PM ET

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Smells like a lawsuit

Posted by George0211 on 06/29/15 at 02:46 PM ET

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I wonder if not reporting to the AHL affiliate counts as a breach of contract.

Posted by beardChamp on 06/29/15 at 02:48 PM ET

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Got this from Winging It In Motown’s “Getting To Know The CBA” post:

“A Club may also terminate a contract without a buyout if the player commits a material breach of his SPC (fail, refuse or neglect to render his services or to obey Club rules regarding training and conduct of players or in any other manner materially breach this SPC). A club still has to get waivers from all other clubs to do this, but only owes the player any money he earned before he became such an untenable jerk as to create a need to invoke this clause.

As a note on procedure and where this fits in regards to rules: this doesn’t mean a player can pout his way off a team he doesn’t like and into the ability to sign in a different city as a UFA. Any player who has his contract ended pursuant to this paragraph is essentially done playing in the NHL, at least for a time.”

http://www.wingingitinmotown.com/2013/7/19/4507920/getting-to-know-the-cba-episode-6-the-standard-players-contract

Posted by Garth on 06/29/15 at 02:59 PM ET

gowings's avatar

wow,

Thanks Garth

Posted by gowings from MTL on 06/29/15 at 03:06 PM ET

Primis's avatar

The Kings are gong to have a terrible time proving the grounds valid, I suspect.  This is a can of worms opening, not closing…

Posted by Primis on 06/29/15 at 03:32 PM ET

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The Kings are gong to have a terrible time proving the grounds valid, I suspect.

Possibly, though this is pretty unprecedented, so one would think they’d be sure of it before doing it.

Posted by Garth on 06/29/15 at 03:48 PM ET

Paul's avatar

via Bob McKenzie tweet,

After termination of Mike Richards’ contract, LAK face cap recapture penalty of $1.32M per year for each of the next five years.

Posted by Paul from Motown Area on 06/29/15 at 04:16 PM ET

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no lawsuit here, it’s arbitrated and Bettman is the arbitrator. I suspect that Kings are hoping to get out of some of the contract that is owed to Richards. Material breach is open to interpretation and since it has not been used widely in the NHL, the Kings are hoping for a more favorable ruling. At the very least you can say that Deano is a shrewd MF’er.

Posted by scooter on 06/29/15 at 04:32 PM ET

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From Bob MxKenzie’s twitter:

If Richards/NHLPA file grievance over LAK termination, it will be heard by joint-appointed NHL-NHLPA Impartial Arbitrator.

Posted by Garth on 06/29/15 at 04:35 PM ET

shazam88's avatar

Yeah there are a ton of angles on this that just haven’t cropped up before, as far as I know. Just as an example, I have no idea how the CBA operates in terms of the cap, if, say this goes to arbitration and they end up reaching a settlement.

The rumors are definitely flying though wrt the alleged breach, but I won’t repeat them here.

Posted by shazam88 from SoCal on 06/29/15 at 05:52 PM ET

Paul's avatar

Katie Strang of ESPN,

The Kings did not say why Richards is in violation of the deal, though several sources told ESPN.com it involves an off-the-ice incident.

“The Los Angeles Kings today have exercised the team’s right to terminate the contract of Mike Richards for a material breach of the requirements of his Standard Player’s Contract,” the Kings said in a statement.

According to a source, the Kings did inform the league about their intent to terminate Richards’ contract, even before putting him on unconditional waivers Sunday. The NHL Players’ Association has a right to file a grievance for Richards and is in the process of gathering information before deciding whether to take that route.

“We are in the process of reviewing the facts and circumstances of this matter, and will discuss the situation with the player in order to determine the appropriate course of action,” NHLPA spokesman Jonathan Weatherdon said in a statement.

Several sources told ESPN.com the Kings were made aware of the situation Friday, approximately an hour after the first round of the 2015 NHL draft had begun.

more

Posted by Paul from Motown Area on 06/29/15 at 05:55 PM ET

alwaysaurie's avatar

Thanks for the extra info, Paul

gotta say, I’m real curious about what sort of, “off-ice incident,” occurred.

Posted by alwaysaurie on 06/29/15 at 11:30 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.

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