McKenzie: Kings to face cap recapture penalties

News today is quite fluid as implications of today’s developments are clarified, but it does appear there is an update on the Kings’ cap situation in light of the decision to terminate Mike Richards’ contract.

After termination of Mike Richards' contract, LAK face cap recapture penalty of $1.32M per year for each of the next five years.

— Bob McKenzie (@TSNBobMcKenzie) June 29, 2015

So the key takeaway here is the Kings have opened up usable cap space (net gain of about $4.4M) for the coming season. That appears a given.

— Bob McKenzie (@TSNBobMcKenzie) June 29, 2015

With that in mind, Los Angeles now has $62.05-million allotted to 17 players for the 2015-16 season. Next year’s salary cap has been set at $71.4M; teams may have up to 23 players on their active roster.

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