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Mike Richards Waived


AJgoal

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happy.gif TOLD YA.............NAH-NAH-NAH BOO-BOO!!!!wink.gif

 

Mike Richards, who has been toiling with the team’s AHL affiliate in Manchester since the All-Star break, has been recalled by Los Angeles to help with the Kings’ final playoff push.

 

http://sports.yahoo.com/blogs/nhl-puck-daddy/mike-richards-returns-to-save-kings-playoff-run-174549300.html

 

THE CUP IS THEIRS!!!! 

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happy.gif TOLD YA.............NAH-NAH-NAH BOO-BOO!!!!wink.gif

 

Mike Richards, who has been toiling with the team’s AHL affiliate in Manchester since the All-Star break, has been recalled by Los Angeles to help with the Kings’ final playoff push.

 

http://sports.yahoo.com/blogs/nhl-puck-daddy/mike-richards-returns-to-save-kings-playoff-run-174549300.html

 

THE CUP IS THEIRS!!!! 

 

That headline made me laugh.

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  • 6 months later...

  This is a rather odd ending to an odd story. Mike Richards and the Kings have reached a settlement on the contract termination. The case was scheduled to go to an arbitrator next week....as the story says, both sides had a lot to lose in that scenario...either Richards would have lost his whole contract or the Kings would have been charged the full amount of the cap hit.

 

 

 Somebody help me out....how do the Kings get to weasel out of the full cap hit??  How is this legal?? The hilarious part, even with the reduced cap hit, the Kings will be paying for Richards with cap space until *2031*....YES, I did not type that wrong....FRIGGIN 2031!!!

 

 http://sports.yahoo.com/blogs/nhl-puck-daddy/mike-richards-and-la-kings-reach-settlement-on-terminated-contract--report-200935112.html

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  This is a rather odd ending to an odd story. Mike Richards and the Kings have reached a settlement on the contract termination. The case was scheduled to go to an arbitrator next week....as the story says, both sides had a lot to lose in that scenario...either Richards would have lost his whole contract or the Kings would have been charged the full amount of the cap hit.

 

 

 Somebody help me out....how do the Kings get to weasel out of the full cap hit??  How is this legal?? The hilarious part, even with the reduced cap hit, the Kings will be paying for Richards with cap space until *2031*....YES, I did not type that wrong....FRIGGIN 2031!!!

 

 http://sports.yahoo.com/blogs/nhl-puck-daddy/mike-richards-and-la-kings-reach-settlement-on-terminated-contract--report-200935112.html

 

Richards had 5 years and 22M left on his contract.  My guess is the 22M is spread out for the next 15-16 years to limit the damage to the Kings yearly cap space.   I guess that is about 1.5M per year. 

 

Interesting read on Lombardi's take on this.

 

 

 

 
"I certainly believe that Mike Richards must be held accountable for his actions — but when a player who at one time symbolized everything that was special about the sport can become caught in such a destructive spiral, then I believe the institution of sport must begin to examine its level of culpability."

http://www.latimes.com/sports/kings/la-sp-sn-kings-settlement-mike-richards-termination-20151009-story.html

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