: Player Discussion:
Brad Richards Part III: The Buy-Out!
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05-25-2013, 10:00 AM
The People's Champ
Join Date: Jun 2008
Originally Posted by
Can anyone explain how this Richards situation is unfolding for a dumb foreigner?
I thought I read we initally signed him to $7m/year however it seems clear it's $12m.
If we buy him out this Summer, do we lose $12m/year over the course of the next 6 years from the salary cap?
The cap hit is what's important. Not the year by year salary. The cap hit is the total contract salary divided by the term length in years. The cap hit is what's going to come off the books.
His cap hit is approximately 6.67 million dollars.
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