Carl 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)
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)
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
6/16/14 | 12:11PM: The buyout period began at 12:01AM this morning. Players need to be placed on waivers for the intent of buying them out unless they have a No-Move Clause at which point it occurs without waivers.
Richards has a no-move clause.
6/14/14 | 10:36AM: John Shannon tweeted last night that the window to use a compliance buyout opens on Monday June 16th just after Midnight. (Sportsnet)
The buyout period begins 48 hours after the conclusion of the Stanley Cup Final and it runs until June 30th at 5PM Eastern.
Using a compliance buyout on Richards would remove him from the Rangers salary cap but the Rangers would still owe Richards $1.05 million per year until 2025-26. (Cap Geek)
Richards has six years left on a nine-year deal that has a cap hit of $6.67 million. Richards has already received $33 million of the $60 million on his contract.
In the final three-years of his contract, the salary for Richards drops to $1 million per year. If Richards were to retire in 2017, the Rangers would be hit with cap penalties of $5.6 million for the next three seasons for the amount of money they saved with his cap hit vs his actual salary. (Cap Geek)
Larry Brooks writes that Brad Richards found out last year that he was being scratched in game four against Boston by hearing it from Michael Haley and Kris Newbury during a team dinner the night before the game. (NY Post)
Brooks says that Richards figured out that if both Haley and Newbury were playing, he would be out of the lineup. The next morning John Tortorella called Richards to tell him that he would be scratched for game four. (NY Post)
Tortorella, in repeatedly calling Richards a “hell of a hockey player” and someone that he “loves as a player and a person,” said that Richards was scratched because he didn’t fit on the fourth line and the centers on the top three lines had stepped up and were playing better than him.