The Rangers will have the option to buy Richards out next summer if he is healthy.
THIS SECTION is all about Richards and the potential buyout.
Adam Rotter: There is risk involved with this move, but the Rangers are showing confidence that Richards will return to playing at a high level after a down season. It’s a move to try and win now and deal with with the consequences later on. The belief is that Richards will retire with three years left on his contract, when his salary drops to $1 million per season, and leave the Rangers with over $5 million per season in cap penalties due to the cap recapture clause. But that only takes effect if Richards files his paperwork to retire. Presumably he could not report to training camp, report and “fail” his physical, report and get “injured” in training camp with a nagging issue that keeps him out the whole year. It’s all a little far fetched and the NHL certainly wouldn’t be happy about it, but they could be possibilities for him and the team down the line.