source : faceoff.com
The New York Rangers have used a compliance buyout on centre Brad Richards, his agent told The Canadian Press on Friday.
Richards had six years and US$25 million left on his deal with New York, which saves itself a salary-cap hit of $6.67 million by buying him out.
The 34-year-old centre had 51 points in 82 regular-season games in 2013-’14 and 12 points in 25 playoff games.
Richards originally signed a $60-million, nine-year contract with the Rangers in the summer of 2011 after being a point-a-game player for the Dallas Stars.
This was the second and final compliance buyout the Rangers had to use after spending the first on defenceman Wade Redden just after the lockout ended.
Richards, who did not go on buyout waivers because his contract included a no-movement clause, becomes an unrestricted free agent and is free to sign with another team July 1.
The Murray Harbour, P.E.I., native and 2006 Canadian Olympian will receive payments from the Rangers for the next 12 years.
Richards had six years and US$25 million left on his deal with New York, which saves itself a salary-cap hit of $6.67 million by buying him out.
The 34-year-old centre had 51 points in 82 regular-season games in 2013-’14 and 12 points in 25 playoff games.
Richards originally signed a $60-million, nine-year contract with the Rangers in the summer of 2011 after being a point-a-game player for the Dallas Stars.
This was the second and final compliance buyout the Rangers had to use after spending the first on defenceman Wade Redden just after the lockout ended.
Richards, who did not go on buyout waivers because his contract included a no-movement clause, becomes an unrestricted free agent and is free to sign with another team July 1.
The Murray Harbour, P.E.I., native and 2006 Canadian Olympian will receive payments from the Rangers for the next 12 years.
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