Richards' future on the NYR
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07-09-2013, 01:36 AM
Join Date: Nov 2005
Originally Posted by
Can someone explain to me why if Richards gets traded, then hurt, we're responsible for some/all (not sure) of his salary/cap? Is it because of the 35+ contract? I'm confused.
Nothing to do w/ the 35+ provision, as Richards was signed well before 35. The recapture penalty was instituted to 'punish" teams for back-diving contracts (where the later years with nominal salary were added to lower the overall cap hit).
If Richards was traded, then got hurt, the Rangers would not be subject to any recapture penalty. He could be put on Long-term Injury Reserve until he was fit to play again.
However, if Richards retires at any point prior to the completion of his contract, both the Rangers and the receiving team are both responsible and split the cap recapture penalty. But that split is heavily tilted towards the Rangers, as they received the large benefit of paying a larger salary with an artificially low cap hit.
To run examples, go to:
Too many variables to post.
Last edited by frozenrubber: 07-09-2013 at
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