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.
It took Brad Richards just one day of free agency to decide which team he wanted to sign with. In the end, that team was the New York Rangers, and Richards signed a 9-year, $60 million contract with the team.
The NHL Free Agency period is open and there have been plenty of moves and deals since the market officially opened at noon. The biggest name to sign thus far is Jaromir Jagr, who signed with Pittsburgh's division rival Philadelphia Flyers instead.