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Forums :: Blog World :: Jason Lewis: Mike Richards Placed on Waivers
Author Message
Stu17
Los Angeles Kings
Location: If its Brown flush it down!, CA
Joined: 10.15.2013

Jan 26 @ 3:17 PM ET
It all changed after the Bergenheim hit
frenchgui
Montreal Canadiens
Location: Ottawa, ON
Joined: 01.25.2013

Jan 26 @ 3:19 PM ET
Wade Redden 2.0, playing career over due to bloated contract and buried in AHL...
jmatchett383
Philadelphia Flyers
Location: Newark, DE
Joined: 03.09.2010

Jan 26 @ 3:20 PM ET
It all changed after the Bergenheim hit
- Stu17


I'd say it was before that, after the hit on David Booth. He was never as reckless after that. He almost killed the guy.
thebutlerdunnit
Joined: 02.20.2012

Jan 26 @ 4:08 PM ET
It's on the Kings.
- jmatchett383


Why would it be on the Kings if he gets traded then retires? The Flyers signed him to the contract. The Kings are just his current team.
MikeOxbyg
Los Angeles Kings
Location: CA
Joined: 02.28.2011

Jan 26 @ 4:25 PM ET
Colin Miller blasts a 105.5 in the hardest shot and wins the fastest skater event in the AHL all stars with a 13.808 = It's too bad we don't have a need for any of that kind of stuff like that up in the big show.
jmatchett383
Philadelphia Flyers
Location: Newark, DE
Joined: 03.09.2010

Jan 26 @ 4:26 PM ET
Why would it be on the Kings if he gets traded then retires? The Flyers signed him to the contract. The Kings are just his current team.
- thebutlerdunnit


Because he was traded to the Kings before the new CBA, the Flyers are absolved of the rule, since it didn't apply at the time the Kings acquired him. After it was implement in the new CBA, the responsibility fell on the Kings.

Had he been traded after the new CBA, it would be on the Flyers.
Kings fan since72
Los Angeles Kings
Location: Hermosa Beach, CA
Joined: 10.30.2006

Jan 26 @ 4:28 PM ET
Colin Miller blasts a 105.5 in the hardest shot and wins the fastest skater event in the AHL all stars with a 13.808 = It's too bad we don't have a need for any of that kind of stuff like that up in the big show.
- MikeOxbyg


That kid is going to be a good one.... Better than Nick Shore that's fur sur.
thebutlerdunnit
Joined: 02.20.2012

Jan 26 @ 4:28 PM ET
Because he was traded to the Kings before the new CBA, the Flyers are absolved of the rule, since it didn't apply at the time the Kings acquired him. After it was implement in the new CBA, the responsibility fell on the Kings.

Had he been traded after the new CBA, it would be on the Flyers.

- jmatchett383


So there's no sort of amnesty in place for contracts that were on the books before the latest CBA was enacted? I mean this really isn't the Kings' fault. Or was that precisely what the two previously allowed buyouts were for?
jmatchett383
Philadelphia Flyers
Location: Newark, DE
Joined: 03.09.2010

Jan 26 @ 4:29 PM ET
So there's no sort of amnesty in place for contracts that were on the books before the latest CBA was enacted? I mean this really isn't the Kings' fault. Or was that precisely what the two previously allowed buyouts were for?
- thebutlerdunnit


The 2 CBO's were part of it. The Kings probably should have exersized that option.
Jason Lewis
Los Angeles Kings
Location: Los Angeles, CA
Joined: 07.17.2013

Jan 26 @ 4:35 PM ET
So there's no sort of amnesty in place for contracts that were on the books before the latest CBA was enacted? I mean this really isn't the Kings' fault. Or was that precisely what the two previously allowed buyouts were for?
- thebutlerdunnit


You were allowed two on any contract on the books. Those buyouts expired over last summer and if they went unused are now gone. Kings could have used it on Richards but opted not to.
MikeOxbyg
Los Angeles Kings
Location: CA
Joined: 02.28.2011

Jan 26 @ 4:46 PM ET
You were allowed two on any contract on the books. Those buyouts expired over last summer and if they went unused are now gone. Kings could have used it on Richards but opted not to.
- Jason_Lewis


When Voynov gets rung up for going Ike Turner, and we dump him for conduct unbecoming (which should void the contract) would that offset this Richards debacle?
Stu17
Los Angeles Kings
Location: If its Brown flush it down!, CA
Joined: 10.15.2013

Jan 26 @ 4:59 PM ET
I'd say it was before that, after the hit on David Booth. He was never as reckless after that. He almost killed the guy.
- jmatchett383

I don't know about how his recklesness changed, but after he was hit and concussed by Bergenheim, he was never the same in a Kings jersey. He was producing at a good clip and then it all feel away...
MJL
Philadelphia Flyers
Location: Candyland, PA
Joined: 09.20.2007

Jan 26 @ 6:11 PM ET
Yes, they could buy him out. They'd take 2/3 of his remaining owed salary spread out over twice the duration ($14.67M over 10 years). Then, they have to pay a salary cap recapture penalty since the contract is front-loaded. It has something to do with cap hit, actual salary, and some other things. The first few years would be okay, then years 4 and 5 would be hell, and then they'd have 5 years of just $1.467M in dead cap space.
- jmatchett383


If the Kings buy out Richards, they do not have to pay a salary cap recapture penalty. That is only if a player retires early.
tredbrta
Chicago Blackhawks
Joined: 06.30.2012

Jan 26 @ 6:15 PM ET
When Voynov gets rung up for going Ike Turner, and we dump him for conduct unbecoming (which should void the contract) would that offset this Richards debacle?
- MikeOxbyg


Didn't you already receive cap relief for Voynov?

Voynov will probably come off one way or the other but that really is not an offset. Richards is a more difficult scenario because you do not have a contract out.

The only options are the buyout with the 10 year spread and a cap penalty or a trade. Lombardi may have to add an attractive asset to get a team to take the full hit thru 2020 and/or carry a chunk of that cap hit. Really can't see DL going for that buyout.

BTW, you have the Blackhawks (at least partially) to thank for the cap stashing restrictions. They waived Huet in 2009 and he ended up playing in Europe while they paid him $5m plus.... without a cap hit. Current rules are in place to prevent that sort of thing.


thebutlerdunnit
Joined: 02.20.2012

Jan 26 @ 6:19 PM ET
When Voynov gets rung up for going Ike Turner, and we dump him for conduct unbecoming (which should void the contract) ....
- MikeOxbyg


I wasn't even thinking about a contract clause getting the Kings out of this. I was wondering what happens when his work visa gets revoked for being convicted.

Say a team signs a player and that player goes ahead and gets himself banned from the US. What then? Does the team get a do-over and their cap money back? Hard to play in a league if you can't earn money in 77% of it's cities.
MJL
Philadelphia Flyers
Location: Candyland, PA
Joined: 09.20.2007

Jan 26 @ 6:21 PM ET
Because he was traded to the Kings before the new CBA, the Flyers are absolved of the rule, since it didn't apply at the time the Kings acquired him. After it was implement in the new CBA, the responsibility fell on the Kings.

Had he been traded after the new CBA, it would be on the Flyers.

- jmatchett383


The Flyers aren't hit with recapture penalties because the first few years of the deal with the Flyers, there weren't any cap savings. The salary paid to Richards in those years of the deal, were basically the same as the cap hit. The entire idea of cap recapture is to make teams pay for cap savings, and not benefit from low money salary on the back end to lower the cap hit. At the end of a contract the league wants salary paid, to equal cap hit paid.
tredbrta
Chicago Blackhawks
Joined: 06.30.2012

Jan 26 @ 6:22 PM ET
You were allowed two on any contract on the books. Those buyouts expired over last summer and if they went unused are now gone. Kings could have used it on Richards but opted not to.
- Jason_Lewis


This off season will be unique. Cap space would become a central piece to trades - maybe even more important than the players. Could see prospects or picks added to trades of vets to get teams to carry hits. Not sure we have seen that yet. I do think the Versteeg deal may have been - 2 blue chip prospects for an underperforming vet and Tallon ate 50% of his contract through 17.... but we have not seen a player or pick actually added clearly to a trade for cap post lock out. This summer or maybe even sooner it will happen.
MikeOxbyg
Los Angeles Kings
Location: CA
Joined: 02.28.2011

Jan 26 @ 6:23 PM ET
Didn't you already receive cap relief for Voynov?

Voynov will probably come off one way or the other but that really is not an offset. Richards is a more difficult scenario because you do not have a contract out.

The only options are the buyout with the 10 year spread and a cap penalty or a trade. Lombardi may have to add an attractive asset to get a team to take the full hit thru 2020 and/or carry a chunk of that cap hit. Really can't see DL going for that buyout.

BTW, you have the Blackhawks (at least partially) to thank for the cap stashing restrictions. They waived Huet in 2009 and he ended up playing in Europe while they paid him $5m plus.... without a cap hit. Current rules are in place to prevent that sort of thing.


- tredbrta


That cap relief was for 2/3's of his yearly salary, so yeah getting the other 2 million back would cushion the blow a bit.
MikeOxbyg
Los Angeles Kings
Location: CA
Joined: 02.28.2011

Jan 26 @ 6:25 PM ET
I wasn't even thinking about a contract clause getting the Kings out of this. I was wondering what happens when his work visa gets revoked for being convicted.

Say a team signs a player and that player goes ahead and gets himself banned from the US. What then? Does the team get a do-over and their cap money back? Hard to play in a league if you can't earn money in 77% of it's cities.

- thebutlerdunnit



I haven't seen an NHL contract, I am just speculating (and I think quite plausibly) that there is some sort of section that allows a team to fire a player without monetary penalty if the player engages in any clearly stated forms of F|_|ckery
thebutlerdunnit
Joined: 02.20.2012

Jan 26 @ 6:32 PM ET
The Flyers aren't hit with recapture penalties because the first few years of the deal with the Flyers, there weren't any cap savings. The salary paid to Richards in those years of the deal, were basically the same as the cap hit. The entire idea of cap recapture is to make teams pay for cap savings, and not benefit from low money salary on the back end to lower the cap hit. At the end of a contract the league wants salary paid, to equal cap hit paid.
- MJL


He played zero years in Philly on his latest contract.
thebutlerdunnit
Joined: 02.20.2012

Jan 26 @ 6:34 PM ET
I haven't seen an NHL contract, I am just speculating (and I think quite plausibly) that there is some sort of section that allows a team to fire a player without monetary penalty if the player engages in any clearly stated forms of F|_|ckery
- MikeOxbyg


Jose Theodore clearly didn't have any "no hanging out with the Montreal mob" clause.
MikeOxbyg
Los Angeles Kings
Location: CA
Joined: 02.28.2011

Jan 26 @ 6:36 PM ET
Jose Theodore clearly didn't have any "no hanging out with the Montreal mob" clause.
- thebutlerdunnit


Trying to imagine the Montreal mob. . .
MJL
Philadelphia Flyers
Location: Candyland, PA
Joined: 09.20.2007

Jan 26 @ 6:37 PM ET
He played zero years in Philly on his latest contract.
- thebutlerdunnit


The current contract Richards is playing on, started in 2009.

http://stats.nhlnumbers.c...r_stats/360-richards-mike
MJL
Philadelphia Flyers
Location: Candyland, PA
Joined: 09.20.2007

Jan 26 @ 6:39 PM ET
It's on the Kings.
- jmatchett383


Partially correct. Both the Kings and the team acquiring him would be subject to Cap recapture penalties I believe.
thebutlerdunnit
Joined: 02.20.2012

Jan 26 @ 6:42 PM ET
The current contract Richards is playing on, started in 2009.

http://stats.nhlnumbers.c...r_stats/360-richards-mike

- MJL


I must be remembering wrong. I thought both Carter and Richards signed new deals with NTC included and then were both traded right before NTC kicked in.
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