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Brad Richards Brad Richards Buyout

Brad Richards was a guest on 670 The Score in Chicago yesterday and was asked about this past season with the Rangers.

Richards said, "this year we were in the Final, the writing was on the wall probably as soon as the lockout happened, just the way the contract was structured, the risk of me retiring early and the cap hit that they would have, I kind of knew it was happening but it didn't matter and it was still a good team that I wanted to play on this year and we made a run and almost won it."

He added, "It's nice to have big contracts and I am very thankful for that but it's also nice to get out of this one and kind of regroup and get a little bit of that pressure off you and I can go into Chicago with guys who are used to winning and, kind of, not under the radar but kind of come in with a different look and hopefully I can just get back to, you know, having fun out there."

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Pierre 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. "

Tags: Brad Richards, Brad Richards Buyout, Pierre McGuire 2013-14, Rangers, Adam Rotter
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Darren 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.?

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The 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)

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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)

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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)

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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)

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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."

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2:04PM: Alain Vigneault said that the team has not decided what will happen with Richards. (Dan Rosen)

6/16/14: 1:36PM: Richards will not meet with the media today. (Andrew Gross)

6/14/14: 3:43PM: In game five against the Kings, Brad Richards played 21:26, had an assist, had four shots on goal, one shot that was blocked and three that missed the net.

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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)

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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.

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In game three against LA on Tuesday, Brad Richards played 16:03, had 3 shots on goal, 1 shot attempt blocked, 2 shots that missed the net, 3 giveaways and 6 and 2 on faceoffs.

Brett Cyrgalis wrote in the NY Post that Richards struggled to help the Ranger,s struggled to contribute offense and made some "glaring defensive gaffes." (NY Post)

It was the second straight game where Richards had three giveaways.

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On TSN Drive today this afternoon, Dave Naylor asked Bob McKenzie about Brad Richards and what his future may hold after this season since the Rangers could use their final compliance buyout on him.

  • If Richards were to retire before his contract expires the Rangers would be hit with cap penalties that can vary depending on the season he retires. (Cap Geek)
McKenzie said, "the fact that he has played as well as he has will give them pause to consider but the sense I got a year ago, when they decided not to buy him out was that it was inevitable they would buy him out the next year for that very reason, that unless he is playing like one of your top two centers and doing it in such a fashion that you believe he will keep doing it for another 2-3 years and that you are obliged to buy him out. I don't know if what has happened this season in the playoffs is enough to take that risk and maybe weigh it against where the cap is going and saying that maybe we can absorb this a little better because the cap was set to look like it was going to rocket up but now with the Canadian dollar it has tempered those expectations a bit. I think there are a lot of considerations there that we are not privy too on the financial side."

Richards has six-years left on his deal with the Rangers but his salary per season in the final three years of his contract drops to $1 million.

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4/15/14: 10:26PM: Brad Richards tells Larry Brooks that last season the potential that the Rangers could use an amnesty buyout on him was on his mind a lot, "consumed" him and "it took over my whole situation, to be honest about it.? (NY Post)

This season, Richards says that it's been in the back of his mind but not weighing on him or impacting his game in any way. He adds that he has no idea if a decision has been made or which way the team may be leaning as he hasn't spoken with anyone in management about it.? (NY Post)

Richards says that he wants to play well in the playoffs not because of anything with his contract but because he is hungry to win another Stanley Cup. (NY Post)

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This summer is the Rangers last chance to use their final compliance buyout and the most likely candidate for would be center Brad Richards.

Nick Kypreos said on Hockey Central at Noon, in early November, "That talk is not going away. I can appreciate that he is a better player but he has not put him in a position that that thing was a thing of the past. I think he has done everything he possibly could, don't think for one second that it isn't almost a Vinny Lecavalier thing. The contract doesn't work even with the cap going up. The contract can't work moving forward.I can't see it even if it goes up past 70+. I can't say the Rangers ay they will live with the contract."

Kypreos said on December 4th, "This is their last chance to go to that compliance buyout. He has been better?.what has he got, he has six to go. Where will he be in 3 years. can you still afford a cap hit of $6.5 million?"

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Pierre LeBrun writes at ESPN.com that he isn't surprised by the Rangers decision to hold onto Richards and that he has been working out with Marty St. Louis in Connecticut.

LeBrun, who spoke with Richards earlier in the week, said that Richards sounded like "a man hell bent on proving to people he?s still an elite player."

LeBrun also notes that when Richards and Alain Vigneault spoke, the conversation lasted for 90 minutes.

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The Rangers have announced that they will not use a compliance buyout on Brad Richards or anyone else this summer.

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.

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2:55PM: Louis Jean, a TV reporter in Montreal, tweets that the Rangers haven't made a decision on Richards yet because there a differing opinions within the organization.

1:28PM: On TSN, Darren Dreger said that the expectation was for the Rangers to follow in the same path as Tampa Bay did, with Vinny Lecavalier, and buy out Richards but that things have changed a bit and that his sense is that the Rangers are going to announce that they are NOT buying out Richards.

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4:13PM: Glen Sather told Chris Johnston outside the NHL Board of Governors meeting that a decision on Richards is coming "shortly."

2:33PM: In the NY Post, Larry Brooks writes that there is a sense that the Rangers would prefer not to use their remaining compliance buyout on Brad Richards right now but want to retain the option in case another team uses their compliance buyout on a player the Ranger want to sign.

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12:58PM: Richards told the NY Post that he is waiting to hear what the Rangers will decide

10:57AM: Pierre LeBrun spoke with Richards and said that he hasn't heard one way or the other from the Rangers about their decision.

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1:54PM: Pierre LeBrun writes at ESPN.com that Brad Richards' agent has not been told one-way or the other if Richards will be bought out.

1:16PM: At CBC, Elliotte Friedman writes that Brad Richards is the only player on the Rangers that Alain Vigneault has reached out to since being officially announced as head coach.

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4PM:In the NY Post, Brad Richards told Larry Brooks that he hasn't heard anything about his future with the Rangers and whether the team will use a compliance buyout on him.

Richards was responding to the rumors that came across on twitter today that Richards announced during an outing at a golf course, with Mark Messier, that management told him he wouldn't be bought out.

Richards said that he would love to be back with the Rangers but hasn't heard anything, "that's the truth."

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In the NY Post, Larry Brooks notes that if the Rangers decide not to use a compliance buyout on Brad Richards, they will likely return nearly the same exact roster that they had this season.

Players like Ryane Clowe and Roman Hamrlik are unlikely to be re-signed and the Rangers, according to Brooks, will have $13.4 million in cap space with Richards still on the roster.

If Richards is bought out, the Rangers would retain another $6.67 million in cap space.

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Bob McKenzie said on Insider Trading earlier this week that while no decision has been made, it seems like the Rangers are going to wait a year to potentially buyout Brad Richards.

McKenzie notes that the team wants to see if Alain Vigneault can push the right buttons and have Richards return to form.

In the NY Post, earlier this week, Larry Brooks wrote that Vigneault's system of defense will likely release Richards from much of the work deep in the defensive zone and allow him more opportunity to get the puck and create in open ice.

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In the NY Post, Larry Brooks writes that with the Rangers changing coaches and the lack of "cost-effective" talent at center in free agency, it is starting to seem like the Rangers will keep Brad Richards and not use one of their final compliance buyout on him this summer.

The Rangers could use the buyout on Richards after this coming season, though if Richards suffers an injury they will be stuck with his contract.

THIS SECTION has all of the information about Brad Richards and a buyout.

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Earlier today, CapGeek started to tweet out some of the cap figures that teams may face if players retire early and they are hit with the cap recapture benefit.

Elliotte Friedman of Hockey Night in Canada tweeted a four letter reply to CapGeek, "L.T.I.R."

Friedman was indicating that teams will find a way to avoid the penalty by placing those players on Long Term Injured Reserve. Placing them on LTIR would indicate that the player is trying to play but an injury isn't letting him and the team could apply for cap relief.

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In the NY Post, Larry Brooks writes that even though a compliance buyout is still likely, there is a better chance that Brad Richards will stay with the Rangers than there was prior to John Tortorella being fired.

Brooks says that the next coach of the Rangers will have input on the immediate future of Richards and that the organization would prefer to get one more year out of Richards before sending him away.

Keeping Richards though could lead to a salary cap issue down the road if Richards retires with between 1 and 3 years left on his contract.

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Bob McKenzie said on TSN Radio Wednesday that Brad Richards was destined to be bought out the day the cap recapture clause was put into the CBA.

McKenzie said, "If Richards doesn't play the final three years of his contract, the Rangers will be hit with a cap recapture penalty is going to get dinged and dinged pretty good. The final three years are bogus years and he isn't playing them. There is going to be a cap penalty for the Rangers if Brad Richards retires before that contract is up. I think it's a given that they will buy him out."

He adds "It's just a question of do you buy him out this summer or next summer. With a new coach coming in, it probably makes sense to wait a year, but you can't buyout an injured player. So heaven forbid Brad Richards gets a concussion or any long-term injury, that would prevent you from buying him out in the compliance buyout period next summer."

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At CSN Philly, Sarah Baicker writes about some of the details involved with compliance buyouts.

She notes that as per the CBA, a player who is bought out can not be re-signed to the team that bought him out for a lower contract.

A player who is bought out by a team can not return to that team for an entire season following the summer that he was bought out.

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In the NY Post, Larry Brooks writes that the salary cap implications, more than anything else, could lead to the Rangers using an amnesty buyout on Brad Richards this summer.

Brooks notes that due to a new feature in the CBA, the Rangers would be given a cap charge if Richards was still on the roster and retired before hie contract was up.

The final three seasons of Richards contract carry a base salary of $1 million while his cap hit stays at $6.67 million per season.

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Earlier today on TSN Radio, Bob McKenzie was asked about Brad Richards.

McKenzie said, "I wouldn't be surprised if they used a compliance buyout on him this summer, but that was a risk they took when they signed him. No one was suggesting at the time that Richards was done, but the amount of money and years they gave him certainly gave pause to wonder if they had overdone it. As far as Richards/Tortorella, of all the guys on the team, Brad Richards knew what he was getting into. In fact the reason he signed with the Rangers was because Tortorella was there. This is the one guy on the team who wanted to hook up with John Tortorella no questions asked because of their past in Tampa Bay. I don't think you can blame Brad Richards performance on Torts, that is on Brad Richards."

Richards had one shot last night and played 8:10. He had five shifts in the first period, for a total of 4:28, and then had a combined five shifts in the final two periods.

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In the NY Post, Larry Brooks writes about the issues going on with Brad Richards right now and how they are impacting coach John Tortorella.

Brooks writes that Richards is one of Tortorella's favorite players ever and that it has to be "tearing up" Tortorella's insides to place Richards on the fourth line and out of a big scoring role.

He writes that "everyone" thinks that the lockout, where Richards stayed local and did a lot of work with Hurricane Sandy relief, has had a negative impact and is the cause of his struggles.

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During TSN's trade deadline coverage, former NHLer Shane Hnidy and former GM Craig Bustton discussed whether this summer was the right time for the Rangers to use an amnesty buyout on Brad Richards.

The Rangers used their first of two amnesty buyouts earlier this year on Wade Redden.

Following this season, Richards has seven more seasons on his contract and a cap hit of $6.6 million.

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