Dave Sandford / National Hockey League
June 29, 2015 1:50 pm

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 […]

Noah Graham / National Hockey League
June 29, 2015 12:35 pm

What we know: A few minor details

We’re likely a long way towards any final resolution here, but this is what we know: -Mike Richards’ contract has been terminated “for a material breach of the requirements of his Standard Player’s Contract.” Relevant section of the CBA, re: Richards — pic.twitter.com/zsNM0jNo1c — Elliotte Friedman (@FriedgeHNIC) June 29, 2015 -As many on Twitter have noted, there’s going to be more to come here. The NHLPA will almost certainly become […]

Noah Graham / National Hockey League
June 29, 2015 11:47 am

Kings terminate Richards’ contract

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 […]

Bruce Bennett / Getty Images Sport
June 29, 2015 10:14 am

Qualifying offers go out

There were no surprises from the Kings’ El Segundo headquarters this morning, as the Kings’ six remaining restricted free agents were all qualified, as noted by Lisa Dillman: Per Kings, have issued qualifying offers to : Andreoff, Crescenzi, Dowd, LoVerde, Shore, Weal. — lisa dillman (@reallisa) June 29, 2015 Nothing to see here. By qualifying a player, a team indicates its intention to maintain their rights and open up negotiations. […]

Noah Graham / National Hockey League
June 28, 2015 10:11 am

Reports: Richards on waivers

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 […]

Big White Ski Resort
June 27, 2015 6:43 pm

Kim Dillabaugh to become Flyers’ goaltending coach

One last note today: Kim Dillabaugh, who did a very good job grooming Kings goaltending prospects into able professionals in addition to his on-ice work with the big club, has agreed to join the Philadelphia Flyers as their goaltending coach. Tim Panaccio of CSN-Philadelphia was the first to report the news. This was an expected move. Per conversations with hockey operations, the Kings had granted several teams a window to […]

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