Read: Pierre McGuire on what the market for Brad Richards could be

Brad Richards Broadway HatPierre McGuire was asked on TSN 1050 on Monday morning what the market for Brad Richards is likely to be.

Pierre said, “Depends what his price point is, it does. For a lot of these guys who are older, that have had good careers but you can see they are on the downside of things, what their price point is will be the magic number for a lot of teams. If Brad prices himself right and he is dealing with some real professionals at Newport Sports with Pat Morris and Don Meehan and Mark Guy and the whole team, they do a great job.

He added, “If they price point him properly there will be significant interest because he is a specialist on the PP that can help your team. If you are looking for a lot of 5 on 5 stuff it will be problematic but if you are counting on specialty points, especially on the PP, it can work. “

Read: Brad Richards is motivated beyond belief/other Richards notes

Brad Richards Broadway HatDarren Dreger was on TSN 1050 this morning and was asked about Brad Richards.

Dreger said, “One thing I will tell you is that I know Brad fairly well and I have talked with him a few times during this process and he is motivated beyond belief. He wants to prove to Glen Sather and the Rangers and all those that provided input in making this decision that he will land on his feet and he will find a home that wants him long term and he is going to give everything that hes got and be a better player. Now that motivation has to turn into reality.”

Sather, in a statement, said on Friday “We would like to thank Brad for everything he has done for our team on and off the ice during his time here. This was an extremely difficult decision to make because of how much respect I have for him. Brad’s leadership and guidance for our young players was invaluable to the organization. We are grateful to have had the professionalism and experience he brought as an example for our team to follow. Brad has been a very good player for us and an even better person. We wish him all the best in his future endeavors.”

To read more of this story, click here

Read: The Rangers are losing their captain for the second time this year

CaptainThe Rangers trade of Ryan Callahan in March left them without a player wearing the “C” on their jersey but Katie Strang says that Brad Richards assumed the role of captain even without having the letter stitched on his jersey. (ESPN NY)

Glen Sather agreed and said on media day, “he has been terrific and I think he is acting as captain, a leader in the room and on the ice, great guy. I really can’t make any comments about what will happen in the summer. If we win the Stanley Cup, lose it, the decisions is something that comes later in the summer and he is with the Rangers and I plan on having him with the Rangers.”

Richards said that his experience and understanding what was needed made his ascension to that role easy. (ESPN NY)

Henrik Lundqvist said, “Brad Richards has been outstanding this season on and off the ice and accepted the role of more responsibility and a lot of credit to Brad.” (Fox Sports)

Dan Carcillo said that Richards stepped up when Ryan Callahan was traded and “took the reins” of the team. (ESPN NY)

Chris Kreider said that Richards has helped him through every single low point in his career. (ESPN NY)

To read more of this story, click here

Brad Richards

Read: Brad Richards on his time with the Rangers (Updated: With Glen Sather)

5:51PM: Brad Richards released this statement today about his time with the Rangers: (Rangers)

“Tough last few days … I loved being a Ranger and living in New York and playing at MSG in front of great fans. I’ve met many new friends, excellent teammates and staff and I have memories that I will cherish for a lifetime. Glen Sather, the management and owner, Mr. Dolan, are all class acts. I want to thank them for letting me be a part of New York life and the Rangers family. With this decision finalized, I can now look forward to starting the next chapter in my career.”

Glen Sather released this statement today about the Rangers buyout of Brad Richards: (Rangers)

“We would like to thank Brad for everything he has done for our team on and off the ice during his time here. This was an extremely difficult decision to make because of how much respect I have for him. Brad’s leadership and guidance for our young players was invaluable to the organization. We are grateful to have had the professionalism and experience he brought as an example for our team to follow. Brad has been a very good player for us and an even better person. We wish him all the best in his future endeavors.”

The Rangers used their second and final compliance buyout on Richards today.

To read more of this story, click here

Read: Carl Hagelin and Mats Zuccarello discuss the Brad Richards buyout

Carl Hagelin, Mats ZuccarelloCarl Hagelin and Mats Zuccarello are in Norway for a charity game that Zuccarello put together and the two were asked about the Rangers buyout of Brad Richards.

Hagelin said that the buyout has nothing to do with Richards as a person or player and everything to do with the salary cap. He says that Richards is an “amazing” guy who has helped him a lot. Hagelin said that it’s “sad” but how the business of hockey works. He said that Richards won’t have trouble finding a job. (VG)

Hagelin said that the Rangers were “forced” to make this move to be able to have enough money to sign players like Zuccarello, Anton Stralman, Derick Brassard and Benoit Pouliot. He says that now these players can “get what they deserve.”(VG)

Zuccarello said that Richards is a good teammate, good friend and that losing him is a “shame.” (VG)

Zuccarello said that he doesn’t think much about money but wants to stay with the Rangers and find a way to make it work. (VG)

Poll: Are the Rangers making the right decision to buy out Brad Richards?

In a poll asked in Spring 2013, 51% of voters said that they would buy out Richards THIS summer.

When it was announced last summer that the Rangers would not be buying out Richards, 53.85% said that it was the right decision to keep him.

Brad Richards:Black Armada

BUZZ: Brad Richards has been bought out

12:27PM: Brad Richards has been bought out by the Rangers (Pierre LeBrun)

Richards has six-years left on his deal with a cap hit of $6.67 million.

  • For all mentions, dating back to last year, of Richards being bought out, CLICK HERE.

If Richards were to retire when his salary dropped to $1 million in the final three-years of his contract, the Rangers would be hit with cap penalties of $5.66 million per year for however many years were left on his deal when he retired. (Cap Geek)

Richards’ agent said earlier this week that if this were a hockey decision the Rangers would likely keep Richards but because it’s a business decision they may not.

The buyout will remove Richards’ cap hit from the Rangers salary cap but the team will still owe him $1.055 million per year until 2025-26. (Cap Geek)

Richards will earn an additional $8 million in not-yet paid signing bonus money that is not eligible to be part of the compliance buyout. That money does not impact the Rangers cap. (Cap Geek)

In total, Richards will receive $20.667 million from the Rangers as part of the buyout. (Chris Johnston)

Richards signed a nine-year contract with the Rangers worth $60 million on July 2, 2011. He will end up earning $51 of the $60 million. (Johnston)

In the regular season, Richards appeared in 210 of 212 possible games for the Rangers and had 56 goals, 95 assists and 151 points.

  • 11-12: 25 goals, 41 assists in 82 games
  • 12-13: 11 goals, 23 assists in 46 games
  • 13-14: 29 goals, 31 assists in 82 games

In the playoffs, Richards appeared in 55 of 57 games, scored 12 goals, 16 assists and had 28 points.

  • 11-12: 6 goals, 9 assists in 20 games
  • 12-13: 1 goal, 0 assists in 10 games
  • 13-14: 5 goals, 7 assists in 25 games

To read more of this story, click here

Brad Richards

Read: Brad Richards’ agent says the Rangers have not disclosed what they will do

12:10PM: Brad Richards’ agent Pat Morris was a guest on Hockey Central at Noon today on Fan590.

Morris was asked if he has spoken with Richards since the end of the season and said, “yes, quite often.”

Morris added, “He is a veteran and was through all of this last year when the world thought he would be bought out last year and everyone is expecting it to be automatic this year. His name isn’t on the waiver list today and effectively it doesn’t have to since he has a no-move. His head is that he can’t control anything. He had a strong season, would have finished first, second or third on I think 22 teams in the league. He accorded himself well in the playoffs as the semi-finals ended and they went to the Finals and people were exalting him as a great captain of the Rangers and one of the reason they are in the Final. After game two he is an automatic buyout because he had, to his own accountability, a poor game and ended up on the fourth line. That is in the Rangers hands and they haven’t disclosed what they will do. I know they are meeting on various issues and have a lot of decisions to make. A hockey decision I think they keep him, a business decision they may not.”

He adds, “I have spoken to Glen and Glen is very positive about Brad’s season and most of the playoffs, saying that his Final was not at the level of the previous three seasons but no one besides Lundqvist was perfect in that round. He was pleased with his season. From a hockey point of view he isn’t against moving forward with him but it’s a business decision that may be out of of Glen’s hand.” To read more of this story, click here