Here is the entirety of a Kings release that was issued shortly after 11:30 a.m. PT:
LOS ANGELES — The Los Angeles Kings have terminated the contract of forward Mike Richards, the club announced today.
The club has issued the following statement and will not comment any further at this time:
“The Los Angeles Kings today have exercised the team’s right to terminate the contract of Mike Richards for a material breach of the requirements of his Standard Player’s Contract. We are not prepared to provide any more detail or to discuss the underlying grounds for the contract termination at this time.”