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.
With the cap recapture clause in the CBA, the Rangers would be charged with the following cap hits if Richards retired before his contract was up:
- If he retired with three-years left on his contract: $5.667 million
- If he retired with two-years left on his contract: $8.5 million
- If he retired with one-year left on his contract: $17 million
The Rangers can use an amnesty buyout on Richards this summer or next summer.
If the Rangers wait until next summer to try and use the amnesty buyout, they run the risk that Richards could get injured and prevent the Rangers from buying him out.