: Salary Cap:
Contracts and Salary Cap (Contract Info in Posts #1 & #2)
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05-26-2013, 10:13 AM
Join Date: Mar 2002
Location: New York
The final three seasons of Richards’ nine-year, $60 million front-loaded deal are worth $1 millior per. Under the cap-recapture formula that was among Brian Burke’s pet projects, if Richards were to retire with three seasons remaining on his deal, the Rangers would be hit with a dead-space charge of $5.667 million per.
If he were retire with two seasons remaining on the contract, the charge would be $8.5 million per. And, counterintuitively, if he were to play all but the final season of his deal, the Rangers would be hit with an untenable charge of $17 million for 2019-20.
Remember this: If the Rangers defer the buyout decision until next summer off the belief No. 19 will re-establish himself after a normalized 2013-14 season that includes training camp and the pre-camp conditioning regimen and Richards is injured next year, the amnesty option disappears.
And the Rangers then become at risk for either a cap-recapture or a difficult normal course buyout with which dead space would be applied for years.
Even if Richards by some miracle re-established himself(whatever that means for a player who isn't the same player and was average in 11-12)or was a productive player this season,Richards should still be amnestied.
Richards has his union to blame. They agreed to cap recapture in the CBA. The Fehr brothers did a bad job here.
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