Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - [News] Kings terminate Richards contract. UPD: Kings and Richards reach settlement

Finger Cookin · 10-09-2015, 02:53 PM

So my corrected guess (thanks sureloss) is an $11M payment to Richards spread out over 16 years. That would be half of his salary remaining from the contract, and less than the usual 2/3 of the salary he would get from a normal buyout.

So that would be about a $2M cap hit for the next 5 years, and then $687.5K per year for 11 years thereafter.

10-09-2015, 02:53 PM	#961
Finger Cookin Franchise Player Join Date: Jun 2014 Exp:	So my corrected guess (thanks sureloss) is an $11M payment to Richards spread out over 16 years. That would be half of his salary remaining from the contract, and less than the usual 2/3 of the salary he would get from a normal buyout. So that would be about a $2M cap hit for the next 5 years, and then $687.5K per year for 11 years thereafter. Last edited by Finger Cookin; 10-09-2015 at 02:56 PM.