Again, what am I missing?? 

" Allegations" as in nothing proven.  

Hit and run damage to personal property... like a fence was damaged?

This triggers instant action by the Team and League when they were made "aware of the allegations, we immediately began the process of terminating his Standard Player's Contract"

What are they leaving out?

I checked the local news and not much more reported there.

Sounds like drunk and disorderly.

from Katie Strang of The Athletic,

The police arrived on the scene after a report that the driver of a white BMW struck a curb, a sign and a parked SUV in a parking lot and that the driver, later identified as Galchenyuk, was walking around in an unsteady fashion and had been seen lying down in the parking lot, according to the report.

In the report, an officer detailed how Galchenyuk was curt and profane when the police began asking him questions after seeing him laying on the ground approximately 20 feet from a car and a sign that was damaged. According to the report, Galchenyuk was helped back into the car by a second individual (later identified as his father) and began making erratic movements once inside the car. Galchenyuk told an officer I will chop all of you fs and began to reach under his seat, prompting a warning from the officer.

The officer described a struggle while Galchenyuk was placed under arrest, leading the two officers on the scene to assist in placing him in handcuffs while on the ground.

With Galchenyuk in the back of the patrol car en route to the police station, he allegedly made a number of threatening comments to the officers, according to the report, including:

Im gunna (sic) chop you and your daughter.

Let me go or I will make one phone call.

Youll never see your family, how scary is that?

One phone call and youre all dead, your whole family, your whole blood line is dead.

Galchenyuk told one officer that hed make one call to Russia and have the officers wife and daughters kidneys cut out.

more ($)

Sounds like he needs rehab or was having some kind of medical situation. Im glad for all concerned it wasnt any worse. 

At first it seemed like an overaction by the Yotes but now I get it.

I've been around plenty of people who get stupid when they drink, but to make threats like that is not a good image, and it makes you think about a person's true colors. 

I imagine hell learn from this, but that kind of shit is absolutely bananas. Why if his dad was there was anybody driving? Its call Uber, you jackoffs. Terrible judgment. 

If you havent already, check the reported details in the police report and itll be quite clear.

Car ride sounds a bit like a miked up Saturday Hockey Night in Canada transcript.  Seriously, the Russian mob takes hitman orders on cops from drunken hockey players on Saturday night? C'mon.

Then this little gem found its way to print...
He also began calling the officer the N-word on multiple occasions, authorities said.

Boom.... Bobs your uncle. Later dates Alex.