Quote:
Originally Posted by Jacks
I wouldn't mind trading for Richards if NY would eat half the salary and cap hit. He isn't likely to play the last 3 years of his contract since they are all 1M pay years. That would leave him with 4 more years left and a (50%) cap hit of 3.333M per year. He would have to agree to waive his NMC in 2017 so that if he wants to keep playing he could be traded to a cap floor team if needed. Unlikely that it would work out since I doubt Richards would be co-operative about it since he would almost certainly prefer the payout.
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That would be an absolutely terrible move for New York. The compliance buyout would be by far a better option than trading him while retaining that much salary. Here's how the 2 scenarios would work:
Compliance buyout:
$24M in cash paid over the next 14 years
Cap hit disappears
Trade while retaining half his salary (assuming he retires at 38):
$17M in cash paid out over the next 5 years
$3.33M cap hit for the next 5 years
$4.61M cap penalty for 3 years after Richards retires