Quick update that the Los Angeles Kings have finally washed their hands of Mike Richards…sort of. The NHLPA announced they’ve settled the grievance filed in accordance with terminating his contract. Below are the details:
– Richards will be paid $1.32 million over the next 5 years
– Richards will be paid an additional amount each year in cap charges through 20131 (amount yet to be determined)
– Richards is officially off the Kings roster and an unrestricted free agent
Learn more about the full Mike Richards story here:
– Mike Richards Charged for Possession of Controlled Substance (6 weeks ago)
– Mike Richards Intends to Plead Not Guilty (4 weeks ago)
– Los Angeles Kings: More to the Decline of Mike Richards (4 weeks ago)
With Richards’ cap penalty, the Kings have roughly $1.