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  • Richards' contract terminated

    The Mike Richards buyout saga has taken a strange turn and become the Mike Richards termination saga as the Los Angeles Kings announced Monday they have terminated the contract of the veteran center following a “material breach” of the deal.

    The full statement from the Kings, reads as follow: “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.”

    The contract termination came as a shock, as it was believed the Kings were instead planning to buyout Richards’ deal, making him an unrestricted free agent.

    According to the CBA, a club is eligible to terminate the contract of one of its players for a material breach for one of two reasons: if a player should, “fail, refuse, or neglect to obey the Club’s rules governing training and conduct of Players, if such failure, refusal or neglect should constitute a material breach of this SPC,” or should the player, “fail, refuse or neglect to render his services hereunder or in any other manner materially breach this SPC.” However, it’s uncertain whether those reasons apply in Richards’ case.
    Further information about what, exactly, the Kings are claiming caused Richards to breach the contract has not been released. It’s possible the termination of his contract could lead Richards to fight the Kings’ decision.

    The news comes just one day after ESPN's Katie Strang revealed that Dean Lombardi had told her that choosing not to buyout Richards last off-season may be, “the worst decision (he had) ever made.

    Following the termination, Richards does become an unrestricted free agent and is eligible to sign with any team.

    http://www.thehockeynews.com/blog/mi...terial-breach/

  • #2
    He did something really, really bad if Lombardi was talking trade with EDM and CGY and halted talks when he heard of what happened that led to this termination.

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    • #3
      Have to think it's got something to do with this: http://forum.highonhockey.com/forum/...party-in-vegas

      LA gets lucky here if he is unable to fight the decision - no cap hit and no money owed.

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      • #4
        Doubt it will be any worse than what Stoll/Voynov did. They're just looking for a reason to dump his contract.

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        • #5
          Apparently he tried bringing oxycodone over the border, per TMZ.

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          • #6

            Originally posted by Dean Ambrose
            Apparently he tried bringing oxycodone over the border, per TMZ.
            Did they specify how much?

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            • #7
              Richards & the Kings reached an agreement. He is now a free agent. ...But I wonder if a GM would take a gamble on him, considering he is facing criminal charges..
              ..
              http://www.nhl.com/ice/news.htm?id=7...d=nhl:topheads

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              • #8
                So all you need to do to circumvent the cap these days is have money, huh?

                I wonder how much they settled for.

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                • #9
                  From what I heard, he'll be hitting the King's cap until 2030, so LA is not getting out of this easily...Let me see if I can find the article with the details.

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                  • #10
                    Here is some details :
                    When the Kings learned of the incident at the border, Lombardi reportedly nixed trade talks they had engaged in surrounding Richards, placed the veteran center on unconditional waivers and terminated his deal, citing a “material breach.” Richards had five years and $22 million remaining on his contract. Now, under the settlement, Richards will remain on the Kings’ cap until 2031 with Los Angeles also being forced to pay a $1.32 million cap recapture penalty for the next five seasons.
                    http://www.thehockeynews.com/blog/ki...rds-a-tragedy/

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                    • #11
                      Oh wow, my bad then. :lol: That's a HUGE penalty LMAO.

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                      • #12
                        Yeah, So out of all this, I'm assuming they know the charges he faces are not going away, any time soon. I think his hearing is early December. I don't recall seeing details about the quantity he had in his possession when he was arrested. Anyone knows?

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                        • #13
                          I haven't heard anything about the amount.

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