Ad Disclosure
Mike Richards Was Released by Kings for Breach of Contract
By Kyle Scott
Published:
Not bought out. Straight-up released. Kings statement:
“The Los Angeles Kings today have exercised the team’s right to terminate the contract of Mike Richards for a material breach of the requirements of his Standard Player’s Contract. We are not prepared to provide any more detail or to discuss the underlying grounds for the contract termination at this time.”
Whoa. Not sure the last time I’ve seen a player straight-up released for breach of contract. Wonder if it had something to do with his off-ice habits?
Now, the Kings were on the hook for a hefty $14 million buyout and cap hit. So they had the incentive to find an angle here, but me thinks Richie’s about to lawyer up.
Somewhere, Paul Holmgren has himself a good, maniacal laugh.
I bet there’s about to be a lot more to this story.
Kyle Scott is the founder and editor of CrossingBroad.com. He has written for CBS Philly and Philly Voice, and been a panelist or contributor on NBC Sports Philly, FOX 29 and SNY TV, as well as a recurring guest on 97.5 The Fanatic, 94 WIP, 106.7 The Fan and other stations. He has more than 10 years experience running digital media properties and in online advertising and marketing.