Reports: Richards on waivers - LA Kings Insider

Mike Richards has been placed on waivers, via the reports below. It is expected that this would begin the process of buying out the 30-year-old’s contract.

In 257 regular season games with Los Angeles between 2011-15, Richards totaled 46 goals and 133 points. In 61 playoff games between 2012-14, he totaled 10 goals and 37 points and captured two Stanley Cups.

Should the Kings complete the process and buy out the remaining years of Richards’ contract, they would be dinged with cap hits through the 2024-25 season (courtesy of General Fanager):

2015-16: 1.22M
2016-17: 1.72M
2017-18: 2.72M
2018-19: 4.22M
2019-20: 4.22M
2020-21: 1.47M
2021-22: 1.47M
2022-23: 1.47M
2023-24: 1.47M
2024-25: 1.47M

2014 NHL Stanley Cup Final - Game Five