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New York Rangers use compliance buyout to jetison Brad Richards

By Marcus Hondro     Jun 21, 2014 in Sports
The New York Rangers used their second and final compliance buyout on Brad Richards. Buying him out saves the club $6.67 million in cap space but over the next 12 years he must be paid two-thirds of his remaining contract, a total of $12.6 million.
He will also be paid $8 million over the next 3 years in signing bonus money owed.
Richards, 34, played in all 82 games this past season and went 20-31-51, third on the team but the lowest points per game average he's had in the NHL. He had 5 goals and 12 points in the 2013-14 Stanley Cup playoffs, playing in all 25 games. In the final against the L.A. Kings he spent time grinding it out on the team's fourth line.
While Richards did not speak directly to the media about his situation, he did release a statement through the team. “Tough last few days," he wrote. "I loved being a Ranger and living in New York and playing at MSG in front of great fans. I've met many new friends, excellent teammates and staff, and I have memories that I will cherish for a lifetime."
Rangers coach Alain Vigneault called Richards a "classy, classy individual" and said that the center had a good year. "I am very happy with what he brought to the table," the coach said. "A veteran player from Day One that was a real good extension of the coaching staff in the dressing room. He should walk away from this season very pleased with how he played and how he contributed to our team."
Richards has also played for the Tampa Bay Lightning, where he won a Stanley Cup, and the Dallas Stars; in 982 NHL games he has 276 goals, 591 assists for 867 points; in the playoffs he had recorded 33 goals and 57 assists for 90 points.
Each NHL team was given two buy-outs coming out of the last contract signing, the Rangers used the other one on buying out Wade Redden. The largest amount ever given a player was the $32 million buyout the Tampa Bay Lightning gave to Vincent Lecavalier, who then signed a $22.5 million, 5 year contract with the Philadelphia Flyers.
Richards becomes an unrestricted free agent on July 1.
More about New york rangers, brad richards, nhl compliance buyout, Stanley cup playoffs
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