10-09-2015, 02:08 PM
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#941
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Some kinda newsbreaker!
Join Date: May 2004
Location: Learning Phaneufs skating style
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so Kings will be hit with recapture cap hit + settlement cap hit
Bob McKenzie @TSNBobMcKenzie
No word yet on precise numbers but hearing the payout is for a very long time.
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10-09-2015, 02:10 PM
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#942
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Franchise Player
Join Date: Feb 2002
Location: Silicon Valley
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Quote:
Originally Posted by Erick Estrada
Yep. Well worth this effort for them as they are reducing the cap hit from buying him out. So I guess teams now have a possible out for some of these long deals. Just hope for the player to have some sort of off ice issues then self declare they have terminated the deal and smear the player enough where they have to settle with the team to save some face. Well done Lombardi.
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what did he say?
__________________
"With a coach and a player, sometimes there's just so much respect there that it's boils over"
-Taylor Hall
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10-09-2015, 02:18 PM
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#943
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In the Sin Bin
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Quote:
Originally Posted by Erick Estrada
Yep. Well worth this effort for them as they are reducing the cap hit from buying him out. So I guess teams now have a possible out for some of these long deals. Just hope for the player to have some sort of off ice issues then self declare they have terminated the deal and smear the player enough where they have to settle with the team to save some face. Well done Lombardi.
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Yeah, you just need to hope they get busted at the border trying to import controlled substances. 
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10-09-2015, 02:20 PM
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#944
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
Originally Posted by Resolute 14
Yeah, you just need to hope they get busted at the border trying to import controlled substances. |
I still think the crux of the argument lies with him not informing the team rather than the incident itself.
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Last edited by Locke; 10-09-2015 at 02:25 PM.
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10-09-2015, 02:24 PM
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#945
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Franchise Player
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In other words, basically anything you can spin as being somehow antithetical to the integrity you expect from your players, or some similar nonsense.
__________________
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10-09-2015, 02:27 PM
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#946
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Franchise Player
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Quote:
Originally Posted by opendoor
The NHLPA wouldn't really care how big the resulting cap penalty is. The players' share is the players' share regardless of the cap hits involved. If Richards' cap amount disappears and is replaced by another player, that just means more escrow is held back than if his cap hit remained on the books for the Kings and wasn't replaced. There's zero net difference for the players as a group in terms of money.
Much bigger is the precedent this might set and it's why I'd expect the PA to fight for him.
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Thanks for this - I was trying to reconcile the escrow impacts in my mind, and this sounds exactly right.
Quote:
Originally Posted by Cleveland Steam Whistle
The only thing that matters though is that the only reason the Kings have this option is because of the "severity of what Richards did". There is no dangerous precedence being set here. The you can get out of bad contracts if said player breaks the law and gets arrested precedence is one that likely won't come up too often, and when it does, I'm firmly on the side of the teams should they choose to execute getting away from the bad contract.
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An issue that many are speculating on here is whether his possible pill addiction is directly correlated to his job. This is obviously a very complex discussion, and precludes me from seeing this as a black and white issue.
As many have mentioned, their treatment of the Voynov situation (much more serious allegations IMO, that have no correlation to his profession) makes this smell much worse.
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10-09-2015, 02:27 PM
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#947
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In the Sin Bin
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Quote:
Originally Posted by Locke
I still think the crux of the argument lies with him not informing the team rather than the incident itself.
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Yes, however the crux of the issue was the argument of material breach. Doing something that immediately leads to speculation that the player is at risk of felony charges is the benchmark here. That's the gun. The failure to disclose was the bullet.
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10-09-2015, 02:30 PM
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#948
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
Originally Posted by powderjunkie
Thanks for this - I was trying to reconcile the escrow impacts in my mind, and this sounds exactly right.
An issue that many are speculating on here is whether his possible pill addiction is directly correlated to his job. This is obviously a very complex discussion, and precludes me from seeing this as a black and white issue.
As many have mentioned, their treatment of the Voynov situation (much more serious allegations IMO, that have no correlation to his profession) makes this smell much worse.
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They didnt really have a treatment for the Voynov situation. He was charged with a crime, suspended by the league, convicted, served his time and chose to go home.
Do you ever watch that Border Security Show? It reminds me of when they tell people that they can either 'Voluntarily Withdraw' or they're going to get kicked out.
Voynov was going back to Russia one way or another, his decision just meant that he wouldnt be going home with a huge boot-print on his ass.
It makes the flight just that much more pleasant.
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans
If you thought this season would have a happy ending, you haven't been paying attention.
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10-09-2015, 02:33 PM
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#949
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Franchise Player
Join Date: Oct 2006
Location: San Fernando Valley
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Quote:
Originally Posted by Resolute 14
Yeah, you just need to hope they get busted at the border trying to import controlled substances. |
Well the tore up the contract before he was even charged of anything. IMO if this incident didn't happen they would have waited for another reason as it's pretty clear they were waiting for any little excuse to terminate the contract. Apparently cocaine is rampant in the NHL so it's simply a matter of the right circumstances and I imagine we could very well see another team give this a shot as it's probably worth while to the degree of cap savings they can get in a settlement.
Last edited by Erick Estrada; 10-09-2015 at 02:40 PM.
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10-09-2015, 02:35 PM
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#950
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Franchise Player
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Quote:
Originally Posted by Locke
They didnt really have a treatment for the Voynov situation. He was charged with a crime, suspended by the league, convicted, served his time and chose to go home.
Do you ever watch that Border Security Show? It reminds me of when they tell people that they can either 'Voluntarily Withdraw' or they're going to get kicked out.
Voynov was going back to Russia one way or another, his decision just meant that he wouldnt be going home with a huge boot-print on his ass.
It makes the flight just that much more pleasant.
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How about his attendance at Kings practice?
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10-09-2015, 02:36 PM
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#951
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
Originally Posted by powderjunkie
How about his attendance at Kings practice?
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That was remarkably ill-advised but I think that little blunder cost them a cool $100K?
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans
If you thought this season would have a happy ending, you haven't been paying attention.
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10-09-2015, 02:37 PM
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#952
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Franchise Player
Join Date: Oct 2006
Location: San Fernando Valley
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Quote:
Originally Posted by Resolute 14
Yes, however the crux of the issue was the argument of material breach. Doing something that immediately leads to speculation that the player is at risk of felony charges is the benchmark here. That's the gun. The failure to disclose was the bullet.
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What was he to disclose as he wasn't initially charged? Was he supposed to tell them while crossing the border that the customs found some pills on him but he wasn't charged? I don't think players in the offseason are informing teams of every single think happening to them like this.
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10-09-2015, 02:39 PM
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#953
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Some kinda newsbreaker!
Join Date: May 2004
Location: Learning Phaneufs skating style
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NHLPA just announced the settlement. waiting on numbers
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10-09-2015, 02:47 PM
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#954
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In the Sin Bin
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Quote:
Originally Posted by Erick Estrada
What was he to disclose as he wasn't initially charged? Was he supposed to tell them while crossing the border that the customs found some pills on him but he wasn't charged? I don't think players in the offseason are informing teams of every single think happening to them like this.
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Actually, yes. Players are expected to tell the teams if they do things like get busted at the border with drugs. I realize you really just want to be angry because the Kings are scummy, but like it or not, it is really all on Richards for doing something so stupid so as to give them the opening.
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10-09-2015, 02:49 PM
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#955
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Franchise Player
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@Real_ESPNLeBrun
Kings will take a cap charge every year based on the actual settlement payments made that year. This is in addition to cap recapture charges
Recapture charges are already $1.32M from 15-16 to 19-20, according to Hockey's Cap. Richards cap hit was supposed to be $5.75M for those 5 seasons. I wouldn't be surprised to hear that the cap hit + settlement payments work out to about half his original cap hit.
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10-09-2015, 02:49 PM
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#956
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In the Sin Bin
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Elliotte Friedman @FriedgeHNIC 15s16 seconds ago
Hearing that Mike Richards will be on the cap until 2031. Not sure of payment, but that is the term.
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10-09-2015, 02:49 PM
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#957
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Some kinda newsbreaker!
Join Date: May 2004
Location: Learning Phaneufs skating style
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Elliotte Friedman @FriedgeHNIC
Hearing that Mike Richards will be on the cap until 2031. Not sure of payment, but that is the term.
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10-09-2015, 02:51 PM
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#958
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Franchise Player
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Quote:
Originally Posted by Resolute 14
Elliotte Friedman @FriedgeHNIC 15s16 seconds ago
Hearing that Mike Richards will be on the cap until 2031. Not sure of payment, but that is the term.
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Richards was owed $22M in actual salary over the remainder of the contract. $22M/16 = $1.375M annually.
EDIT: Good point about the actual salary, sureloss. That will of course affect how things shake out.
Last edited by Finger Cookin; 10-09-2015 at 02:54 PM.
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10-09-2015, 02:51 PM
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#959
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Franchise Player
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Really stretching it out to lower that cap hit...
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10-09-2015, 02:52 PM
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#960
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Some kinda newsbreaker!
Join Date: May 2004
Location: Learning Phaneufs skating style
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Quote:
Originally Posted by Finger Cookin
Richards was owed $22M in actual salary over the remainder of the contract. $22M/16 = $1.375M annually.
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No one has hinted that Richards is getting the full $22 million.
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