Richards' future on the NYR
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07-02-2013, 02:47 PM
Join Date: May 2007
Location: Brooklyn, NY
Originally Posted by
Salary Cap ceiling will be higher, no doubt. But a couple of things to consider:
1. The last three years of his contract are dummy years. At the age of 37 and after collecting $40m from the Rangers, will Richards want to hang around making the league minimum?
If YES, the Rangers take a $6.67m cap hit each year he sticks around.
If NO, the Rangers take a $2.83M cap hit for six years.
2. Will the Rangers even want him around? Based on how his career is trending, the answer to that is most likely NO.
According to Cap Geek, if he retires before those three years start, the penalty is actually $5.66 million until the end of the contract. It's the same number you put out except it isn't spread out over 6 years.
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