Retained Salary in 2016-17: Pacific Division
As a new season fast approaches, it’s always nice to look back and reminisce on years and players gone by. Unfortunately for most NHL teams, those feelings of nostalgia are usually cut short by the realization that some of those past players are still on the team’s payroll. Retained salary is a fact of life in the National Hockey League, as buyouts have become commonplace and retaining a portion of an outgoing player’s cap hit is often a deal-breaker in many trades. Retained salary can last long past the playing days of a former player (see Mike Richards) or can simply be for just one year. One way or another nearly every NHL team has at least one guy who’s still being paid without having to perform. Below is a list of all the retained salary in the Pacific Division in 2016-17:
Anaheim Ducks
- Patrick Maroon ($500K cap hit in 2016-17 and 2017-18): Maroon was surprisingly dealt out of Anaheim last season to the Edmonton Oilers in exchange for defensive prospect Martin Gernat and a fourth-round pick in the NHL Draft this past June (Jack Kopacka). The Ducks held on to 25% of Maroon’s three-year, $6MM contract that he had signed with the team prior to last season.
- Mark Fistric ($217K cap hit in 2016-17, $450K in 2017-18 and 2018-19): Fistric was bought out by Anaheim following an injury-plagued 2014-15 campaign, the first year of a new extension. He had two years and over $2.5MM left on his contract at the time. Fistric has not signed with another NHL team since leaving the Ducks.
Arizona Coyotes
- Mike Ribeiro ($1.94MM cap hit from 2016-17 to 2019-20): Ribeiro will be cashing in on NHL contracts for many years to come, as a buyout in Phoenix has not stopped him from continuing to play and getting good money to do so. The (then) Phoenix Coyotes signed Ribeiro to a four-year, $22MM contract in the summer of 2013, but after a 47-point season in 2013-14, the team decided to cut ties with him. The decision cost the Coyotes a capable player and has and will continue to cost them in dollars. Ribeiro’s buyout was for six years and nearly $12MM dollars, and Arizona is still facing down four more years. Meanwhile, Ribeiro signed a one-year, $1MM deal with the Nashville Predators in 2014-15 and put up 62 points. He was rewarded last summer with a two year, $7MM deal, which means between his active contract and his bought out contract, Ribeiro will actually make close to $5.5MM in 2016-17, what he would have made in Arizona.
- Antoine Vermette ($1.25MM cap hit in 2016-17 and 2017-18): A more recent development, Vermette was bought out by the Coyotes during their second buyout window last week. Vermette had only one season left with a cap hit of $3.75MM, after returning to the desert on a two-year deal after Arizona traded him to the Chicago Blackhawks before their 2015 Stanley Cup run. Vermette’s numbers did not tail off last season; in fact he has been very consistent over the course of his entire 11-year career. The buyout was viewed by many as Arizona simply deciding to pay to open up depth next season for their young players and prospects. Vermette remains unsigned as of now.
Calgary Flames
- Mason Raymond ($1.05MM cap hit in 2016-17 and 2017-18): After a one-year, $1MM trial run with the Toronto Maple Leafs in 2013-14 ended in 45 points, the Flames decided to take a chance on Raymond, giving him a three-year, $9.45MM deal. After under-performing in year one, Raymond was only able to play in 29 games last season, contributing a mere five points. Calgary was swift to buy out the remaining year of his contract, which would have paid him $3.15MM in 2016-17. The $1.05MM cap hit for the Flames this year and next year is bearable for a team with cap space and a plethora of young talent, and Raymond has found a new home with division rival Anaheim and will make $675K on top of his buyout payment. It was a retained salary move that worked out for both sides.
Edmonton Oilers
- Lauri Korpikoski ($500K cap hit in 2016-17, $1MM in 2017-18): Another buyout victim this summer, Korpikoski simply did not perform to the level expected of him by the Oilers after they traded Boyd Gordon to the Coyotes to get him. Stemming from a strong career to that point in Arizona, the Coyotes gave the two-way specialist a four-year, $10MM extension in the summer of 2013. However, after back-to-back years of steep decline in his scoring numbers, Arizona felt comfortable shipping Korpikoski off to the division rival Oilers. New GM Peter Chiarelli hoped that, at the very least, Korpikoski would bring some defensive stability to a young and offensive-minded forward core. When that didn’t happen, Edmonton decided he didn’t need to stick around for the final year of his contract at a cost of $2.5MM.
Los Angeles Kings
- Mike Richards ($1.32MM cap hit from 2016-17 to 2019-20 AND $10.5MM cap hit over time until 2030-31): One of the most interesting cases of retained salary, Richards counts against the Kings’ cap for two reasons, neither of which is a buyout or a trade. Richards signed a (now illegal) 12-year, $69MM contract with the Philadelphia Flyers during the 2007 season, and prior to the last NHL Collective Bargaining Agreement. The league recognized that deals like Richards’, which were excessively long and included wide margins of salary over the course of the contract, were meant to circumvent the salary cap. By front-loading a contract with high salary seasons, and then adding years at the end of low salary, a team could effectively keep a player’s cap hit low without exposing themselves to much risk should the player retire or need to be bought out later on in his post-prime career. Richards’ cap hit on this contract was only $5.75MM, but there were six seasons where his actual salary was greater, including a 2012-13 salary of $8.4MM. So, when Richards got in legal trouble in 2015, the Kings (who acquired Richards from the Flyers in a blockbuster deal in June 2011) saw an opportunity to terminate Richards’ contract, which had become a major burden to the team for a player that was performing so poorly that he had been demoted to the AHL. Because Richards’ contract was cut short and had been constructed in an illegal way, the Kings faced “recapture penalties”, which offset the benefits of previous cap benefits from long, front-loaded contracts. Thus, the Kings face a cap hit of $1.32MM every year until what would have been the natural end of Richards’ contract in 2020. On top of that, the termination of the contract was fought by the NHL Players Association, and the grievance led to a settlement between the Kings and Richards which pays him $10.5MM of the $22MM that was left on his contract. The payments were to be made over the course of 16 years, with a maximum payment of $900K per year and minimum of $400K. All of these payments additionally count against the Kings’ cap. In the world of retained salary, Mike Richards is quite the story, and Los Angeles will be telling it for another decade and a half.
San Jose Sharks
- Adam Burish ($617K cap hit in 2016-17): Never much more than an energy line player, the Sharks gave Burish a four-year, $7.4MM contract when free agency opened on July 1st, 2012. Burish was coming off of a career-high 19 points to go with a strong two-way presence and elite toughness. However, he would only score six points in the next three seasons combined for San Jose, as injury struggles and mostly poor play derailed his career. The Sharks bought out the final year of his contract to avoid a $1.85MM cap hit for an AHL-caliber player and will finish paying off the buyout this season.
Vancouver Canucks
- Roberto Luongo ($800K cap hit from 2016-17 to 2020-21): Like Richards, Luongo too signed a massive deal before the league banned them. In 2010, the Canucks gave their ace goalie a 12-year, $64MM extension, despite the fact he was 31-years-old at the time. The deal paid Luongo $10MM in salary during the first year, followed by seven years of $6.7MM salaries, and then a steep drop off to $3.4MM, $1.6MM, and two final years at $1MM. Perhaps afraid of facing the full blow of potential recapture penalties (the rule for which is often nicknamed the “Luongo Rule”) for a contract that blatantly circumvents the salary cap with its 5.3MM cap hit, the Canucks traded the remaining eight years of Luongo’s contract to the Florida Panters before the Trade Deadline in 2014 in effort to share some of the risk should Luongo retire before the age of 43. However, to make the risky aquistion worth it, the Panthers had Vancouver hold on to $6.4MM of the contract, for an annual cap hit of $800K.
- Chris Higgins ($833K cap hit in 2016-17 and 2017-18): Higgins is another recent buyout, getting cut by the Canucks this off-season with one year remaining on a four-year, $10MM extension he signed in 2013. Higgins played in only 33 games last season, recording just four points. He remains unsigned.
Snapshots: Kings, Whitney, Lockout
Adam Gretz wrote a piece today on Pro Hockey Talk that opines Dustin Brown has endured one of the biggest falls-from-grace in the NHL, and is now under huge pressure to perform for the Los Angeles Kings this season. Brown was once a feared power forward in the league, capable on any shift of contributing with a bone-crushing hit or a beautiful goal. Now, he’s a bottom-sixer who, while still contributing positively to the Kings’ dominant possession game, is vastly under-performing his contract that sits at a $5.875MM AAV. Brown was stripped of the captaincy, which will now belong to Anze Kopitar, the Kings’ superstar centerman.
- Former NHL star Ray Whitney is at the Olympics for the first time in his career, but it’s not as a hockey player. The 22-year veteran is caddying for Canadian golfer Graham DeLaet, who shot a -3 in his first round at the tournament. DeLaet was one of the first through the course this morning, and spoke about his caddy: “He’s a great player in his own right. I think it’ll be great to have Ray there, he was telling me he thinks he’d be on four olympic (hockey) teams if he’d been born in any other country.” It’s true, Whitney was a great player; his 1064 points rank him 64th all-time, while his 385 goals put him just outside the top-100.
- Hannah Stuart of Today’s Slapshot penned an article examining just what might trigger the next NHL lockout. She argues that by signing contracts that protect them from a work-stoppage – those that have exorbitantly large signing bonuses – they’ve essentially ensured that a stoppage will eventually happen, if only to correct this loophole. Both sides (the NHL and NHLPA) can choose to opt out of the current CBA in September of 2019.
Snapshots: Saunders, Schedule, Spaling
The hockey world mourns today as it was reported earlier that broadcasting titan John Saunders passed away at the age of 61. Saunders had worked for ESPN for nearly 30 years, and was one the biggest influences on hockey broadcasting in the United States. An all-star defenseman growing up in Montreal, Saunders went on to play at Western Michigan University from 1974-76. Saunders was a founding board member of the Jimmy V Foundation, a charity that has raised over $90MM for cancer research.
Many fans in the United States and across the world would not have understood, or appreciated hockey without John Saunders, and here at PHR we would like to extend our deepest condolences to his family.
- The NHL released its preseason schedule today, and among the notable games are two that will be held at the T-Mobile Arena in Las Vegas, the home of the upcoming expansion franchise. The Los Angeles Kings will play back-to-back nights against the Dallas Stars and Colorado Avalanche on October 7-8th to give the fans there a taste of what is to come. Also opening its doors for the first time will be the Edmonton Oilers’ new home, as the team will play the Calgary Flames at Rogers Place on September 26th.
- Nick Spaling‘s deal with Geneve-Servette was announced today, making him the latest in the line of players heading to Switzerland. The deal is different than any given in the NHL, reports Stephen Whyno as the two sides have agreed to a one-year pact with an option for 2017-18, much like an MLB deal. This adds a new wrinkle to players looking for contracts outside the NHL, as European leagues are getting more creative in their contract structure. Spaling will be reunited with former line-mate and veteran NHLer Mike Santorelli, who signed a deal last month with the club.
Snapshots: Lucic, Possible Retirees, Gretzky
Milan Lucic may have only been a member of the Los Angeles Kings for one season, but at least one teammate is sad to see him go. Right-winger Tyler Toffoli lamented the loss of “a great player, a great guy to have in the room”. Toffoli scored a career-best 58 points last season on a line with Lucic and center Jeff Carter, who posted 62 points to tie his third best career output, and best since 2011.
Lucic, of course, signed a seven-year contract worth $42MM with the Edmonton Oilers on July 1, citing a team on the rise and some rookie named Connor McDavid as his main reasons for heading north. OilersNation’s Jonathan Willis broke down how Oilers fans can expect Lucic to age over the course of his contract, and ultimately concluded Lucic will be very effective in his first three seasons, has a two-thirds chance at being effective in the next two seasons, and has a 50-70 per cent chance at posting below 30 points in his final two seasons. However, Lucic told Steve Ewen of The Province that he plans “on playing them out to the best of my ability and, hopefully, I can add another year or two once this contract is done”.
Here are some other news and notes from around the NHL:
- Speaking of players who could retire, Jared Clinton of The Hockey News explored a few big names who could be entering their final season in the NHL. We could be seeing the last of several former superstars, including Jarome Iginla, Shane Doan, Andrei Markov, and Mark Streit. Iginla has seen his point totals fall by 13 over the last three seasons. Doan has an understanding with GM John Chayka which allows him to take his time on deciding about returning or retiring, and its clear he has no interest in chasing Stanley as a rental. The KHL is a possibility for Markov, who will no longer have the speedy P.K. Subban to cover for his aging speed. Similarly, Streit has previously played in his native Switzerland, and could return next summer. Clinton also mentions the legendary Jaromir Jagr, but seeing as Jagr insists on playing until he’s 60, it’s hard to think he’ll willingly retire unless his production drops off or he suffers a serious injury.
- Finally, today marks 28 years since “The Trade”. On August 9, 1988, the Edmonton Oilers traded Wayne Gretzky, Mike Krushelnyski, and Marty McSorley to Los Angeles for Jimmy Carson, Martin Gelinas, three first round picks over six years, and most notable (or infamously) $15 million cash. Edmonton fans reacted as expected, burning the team’s owner in effigy and threatening to cancel season tickets; a Member of Parliament even suggested the federal government block the trade. The blockbuster popularized and legitimized hockey in non-traditional markets and lead to a popular comment around the trade deadline “well, if Wayne Gretzky can be traded…”
Snapshots: Weber, Fleury, Forbort
Prized off-season acquisition Shea Weber is in Montreal to get acquainted with his new city. Weber took part in a workout, photoshoot, and on-ice session in his new jersey, which includes an “A” sewn on the front. In a feature on Habs TV, Weber told his new fans that he feels very fortunate to be a part of a tight-knit family. He called Montreal the Mecca of hockey, adding it gives him “chills” to be a member of the Canadiens. Weber told Habs TV that “three or four people came up to me [in the airport] and welcomed me to Montreal”.
Here’s some other news from around the NHL:
- After Matt Murray backstopped the Penguins to their fourth Stanley Cup in franchise history, Marc-Andre Fleury is in tough to win back his old job, despite posting career-best numbers. However, as Jared Clinton of The Hockey News writes, it may be impossible for Fleury to regain the starting role thanks to his age, injury history, and next summer’s expansion draft. Because Fleury has a no-trade clause, he has to be protected. It’s hard to imagine a scenario in which the Penguins keep Fleury and allow Murray to be selected by Las Vegas.
- According to LA Kings Insider Jon Rosen, Los Angeles Kings defenseman Derek Forbort will be healthy for training camp after undergoing surgery in late June. The 15th overall pick in 2010 needs to have a big camp to make the Kings, as he’s one of six defenseman who will be battling for three NHL jobs this fall. Forbort is waiver-eligible, so if the club wants to assign him to their AHL affiliate Ontario, he’ll need to clear waivers first. Forbort appeared in 14 games with the big club last year, scoring a goal and adding 2 assists.
Salary Cap Report: Pacific Division
As the hockey world takes its collective breath before the World Cup, training camps, and the regular season, most teams have checked off their boxes and marked their ledgers. Some teams are not finished building their rosters, with RFAs still to sign and trades to explore. Some teams have plenty of space to maneuver with; other teams will need to get creative to stay under the cap.
We’ll continue our Salary Cap Reports by taking a look at the Pacific Division. Of note:
- The Flames have the most cap space in their division, and second-most in the league behind the Hurricanes. However they still have to sign Johnny Gaudreau and Sean Monahan, which will likely take up most of the $14.96MM of space they currently have.
- Anze Kopitar‘s new extension will make him the highest paid player in the NHL this season. He’ll make $14MM in real dollars this season; his $10MM cap hit is second to only Jonathan Toews and Patrick Kane. Kopitar will likely only enjoy the status of highest paid in the division until Connor McDavid‘s entry-level contract expires in 2018.
- The Pacific features the four highest-paid pending-UFAs in Pavel Datsyuk ($7.5MM), Joe Thornton ($6.75MM), Patrick Marleau ($6.66MM), and Ryan Miller ($6MM). However, Datsyuk has left the NHL and will not be paid by Arizona, despite counting against the cap.
By the numbers:
- Anaheim Ducks
Cap Space Remaining: $8,407,500
Greatest Cap Hit: Corey Perry: $8.625MM - Arizona Coyotes
Cap Space Remaining: $8,847,875
Greatest Cap Hit: Pavel Datsyuk: $7.5MM (inactive)/ Mike Smith: $5.666MM (active) - Calgary Flames
Cap Space Remaining: $14,969,600
Greatest Cap Hit: Mark Giordano: $6.75MM - Edmonton Oilers
Cap Space Remaining: $9,238,833
Greatest Cap Hit: Jordan Eberle/ Milan Lucic/ Ryan Nugent-Hopkins: $6MM - Los Angeles Kings
Cap Space Remaining: $1,154,773
Greatest Cap Hit: Anze Kopitar: $10MM - San Jose Sharks
Cap Space Remaining: $995,832
Greatest Cap Hit: Joe Thornton: $6.75MM - Vancouver Canucks
Cap Space Remaining: $2,771,250
Greatest Cap Hit: Henrik Sedin/ Daniel Sedin: $7MM
Also in the Salary Cap Report series: Metropolitan Division and Atlantic Division.
Roster Crunch: Pacific Division
While the NHL season is still more than two months away, it seems as though most teams have finished their free agent shopping and are now focused internally on roster decisions they’ll have to make. We’ll take a look at some of the options teams will have this fall, starting with the Pacific Division.
Anaheim Ducks – 2015-16 division winners Anaheim were discussed at length last weekend, with seemingly way too many bodies than roster spots on their blueline. With between seven and ten players who deserve to be in the NHL next season (depending on how you feel about youngsters Shea Theodore and Andy Welinski), the team is still expected to make a move to shore up their forward group.
Los Angeles Kings – Like the Ducks, the Kings have quite a few options on their back-end after signing Tom Gilbert to a one-year contract. With four spots locked up between Drew Doughty, Jake Muzzin, Alec Martinez and Brayden McNabb, the last two will be some combination of Gilbert, veteran Rob Scuderi and Matt Greene. That’s to say nothing of NCAA transplant Paul LaDue who will figure into the Kings’ plans before long.
San Jose Sharks – It’s said that depth down the middle is a key to success in the NHL, and the Sharks have that in spades. It looks like they’ll go into next season with at least six forwards who are capable of playing center. Often last season the top line was made up of three of them, with Joe Thornton between Tomas Hertl and Joe Pavelski. If the team wants to move the young Hertl back to his natural position (as they did at points last season), they’ll have to find ice-time for him behind Thornton and Logan Couture.
Arizona Coyotes – The crunch has already started to affect Arizona, as the team bought out veteran Antoine Vermette recently to open up a spot for one of their young forwards. With Dylan Strome and Christian Dvorak both leaving junior after huge seasons, they’ll look to make the jump to the NHL this season. The Coyotes may ice one of the youngest lines in the league this year, if Strome ends up between Max Domi and Anthony Duclair like many have speculated. Another spot could open up if RFA Tobias Rieder ends up overseas next season, as has been rumored lately.
Calgary Flames – Will top pick Matthew Tkachuk break camp with the Flames, and where will he play? Many eyes will be focused on the second-generation NHLer this fall, as he tries to force his way onto the Flames roster. Otherwise, the Flames have some decisions to make on the blueline if Ladislav Smid declares himself healthy enough to start the season and Dennis Wideman remains on the roster. Jyrki Jokipakka hopes he did enough last season to deserve a spot, but if both veterans are around when October 12th roles around, he may find himself on the outside looking in.
Vancouver Canucks – The Canucks are one of the hardest teams to figure out in the league, as they seem caught somewhere between rebuilding and trying to contend. Outside of their top-four, it’ll be a battle for the defensemen in camp to lock up a spot. Luca Sbisa has a contract that will probably guarantee him a spot, but his diminished play and injury history makes him a poor choice for the Canucks. If they decide to contend, icing him every night ahead of younger, more effective defensemen seems unwise.
Edmonton Oilers – It’s been long said that the Oilers don’t have any defensemen, and while it may still be figuratively true based on the overall skill, the team actually has too many bodies for their back end under contract. After trading for Adam Larsson, the team has eight defenders worthy of NHL time, including Jordan Oesterle who many believe proved his ability last season. One of them though, former captain Andrew Ference, may be on his own way out as he has stated more than once he’s heading to retirement if the Oilers’ buy him out. They haven’t been able to yet because of Ference’s lingering injury, but the two sides should come to an agreement before camp.
Snap Shots: Vermette, Havlat, Oilers, Vegas
Yesterday, Arizona Coyotes GM John Chayka made the somewhat surprising decision to place veteran center Antoine Vermette on waivers for the purpose of buying out the final year of his contract. By all accounts Vermette didn’t have his best season in 2015-16 but still netted 38 points, including 16 on the power play, in 76 games. But in the club’s release announcing the move, Chayka cited the desire to give opportunities to some of the organization’s young players, including perhaps top prospects Christian Dvorak and Dylan Strome.
Regardless of why he’s now available, a player with Vermette’s track record is likely going to draw a fair amount of interest from other clubs. However, the Boston Bruins should not be among those teams, at least that’s the opinion of Joe Haggerty writing for CSNNE.com.
Haggerty argues that signing the 34-year-old Vermette doesn’t mesh with the Bruins’ desire to get younger. I’d argue there isn’t much of a fit in Bean Town since the Bruins already boast Patrice Bergeron and David Krejci at the center position. The team also added David Backes as a free agent and he comes with plenty of experience in the middle. Even if they decided to play Backes on the wing, Boston lists 24-year-old Ryan Spooner as a center and he is coming off a career high 49-point season. There just doesn’t seem to be room for Vermette on this roster.
Now, more from around the league.
- The list of available free agents may increase by one as Allan Walsh, the agent for former NHLer Martin Havlat, has indicated via tweet his client is currently training with HC Kometa Brno in the Czech League with the intent of returning to the NHL next season. Havlat appeared in just two contests for the St. Louis Blues in 2015-16 before leaving the club for “personal reasons.” He had earned a job with the team after signing a PTO in October. Prior to his abbreviated stint with St. Louis, Havlat had skated in 788 NHL games, spending time with Ottawa, Chicago, Minnesota, San Jose and New Jersey. At one point Havlat was one of the league’s top young offensive players, tallying 31 goals and 37 assists for the Senators in 2003-04, playing most of the season as a 22-year-old. Those prolific scoring days are long gone and in recent seasons Havlat has produced roughly 0.5 Pts/Game. That doesn’t mean a team won’t take a flier on the talented Czech in hopes he can produce even at that level and hold down a regular spot in their top-nine on the cheap.
- The expansion Las Vegas franchise continues to assemble its front office staff with the club announcing the hiring of Kelly McCrimmon as assistant general manager. McCrimmon, has been the majority owner, GM and head coach of the Brandon Wheat Kings of the WHL. He has won the WHL’s Executive of the Year award three times since 1995. It was reported earlier this summer that Las Vegas had requested permission from Washington to interview their assistant GM, Ross Mahoney, for the same role. Of course GM George McPhee knows Mahoney well from their days together in the Capitals front office so the potential fit was obvious. It’s not known whether Washington refused permission for Vegas to speak with Mahoney or if the club just elected to go in a different direction.
- In other management news, the Edmonton Oilers are expected to name Keith Gretzky as an assistant GM, a recent rumor all but confirmed via tweet from Bob McKenzie of TSN. Gretzky is of course the brother of Wayne and has served as the director of amateur scouting for the Boston Bruins, where he worked under current Oilers GM Peter Chiarelli. Obviously Gretzky made a good impression on Chiarelli during their time together in Boston.
Brad Richards Retires
According the NHLPA website, veteran pivot Brad Richards has retired from the NHL following a distinguished 15-year career.
Richards, who spent the 2015-16 season with the Detroit Red Wings, ends his career with 932 points in 1,126 regular season games. He’s also been part of two Stanley Cup championship squads, winning a Conn Smythe award as playoff MVP in 2003-04 while a member of the Tampa Bay Lightning.
Drafted originally in the third-round (64th overall) of the 1998 entry draft (the same draft that saw Vincent Lecavalier go #1 overall to Tampa), Richards formed a deadly tandem down the middle with Lecavalier, and helped to elevate the team into the upper echelon of the Eastern Conference. He would spend the first six-plus campaigns of his career with the Lightning before being shipped to Dallas at the 2008 trade deadline. With Lecavalier in the midst of an 11-year, $85MM deal and Richards under contract at $7.8MM annually, the Lightning decided they could no longer afford both centers and executed the trade with Dallas.
Richards spent parts of four seasons with Dallas, averaging better than a point-per-game and helping the Stars to a berth in the 2007-08 Western Conference Finals, where the club lost to eventual Stanley Cup champion Detroit in six games. Unfortunately that would be the highlight for Richards during his tenure with the team as the Stars failed to again make the postseason.
Richards would leave the Lone Star State following the 2010-11 season and as one of the marquee free agents that summer, would go on to sign a lucrative, nine-year contract worth $60MM with the New York Rangers. As was typical with big money free agent contracts of the day, Richards’ deal was heavily back-loaded in an effort to drive down the AAV and subsequently the salary cap hit. Richards was to collect $57MM of the money in the first six seasons, with each of the final three years coming with salaries of just $1M each.
While perhaps not quite living up to that price tag with the Rangers, Richards did help the club make it to the Eastern Conference Finals his first year with the team. He was also part of the squad that lost to the Los Angeles Kings in the 2013-14 Stanley Cup Finals.
After three years with the club and in desperate need of cap space as they continued their pursuit of a championship, the Rangers exercised a compliance buyout on Richards following the 2014-15 season. Under terms of the new CBA, the Blueshirts would have faced stiff cap recapture penalties had they not gone that route and Richards retired prior to the end of his contract.
Richards would move on as a free agent, signing with Chicago and winning another Stanley Cup with the Blackhawks. But the writing may have already been on the wall as Richards tallied just 37 points that season, the lowest full-season total of his career to that point.
Following his one year in Chicago, Richards signed with Detroit where his offensive production continued to wane. In 68 contests with the Red Wings, Richards scored just 10 goals and 28 points.
The announcement comes just weeks after former Lightning teammate Vincent Lecavalier also stepped away from the game. It’s also quite possible Dan Boyle joins in to make it a trio of former Lightning players walking away from the NHL this summer. One year ago, Martin St. Louis, who played with Richards, Boyle and Lecavalier in Tampa and again with Richards and Boyle as members of the Rangers, announced his retirement.
Richards was a free agent, profiled recently on Pro Hockey Rumors here, but after apparently not finding the right fit, has elected to hang up his skates and move on to the next phase of his life. Those of us here at Pro Hockey Rumors would like to congratulate Richards on his wonderful career and wish him the best in his future.
Minor NHL Transactions: 7/20/2016
Here is where we will keep track of the day’s minor moves:
- The Florida Panthers, via their team website, have announced the re-signing of forward Logan Shaw to a one-year, two-way contract. The six-foot-three, 202-pound Shaw saw action in 53 games with the Panthers in 2015-16, netting 5 goals and 7 points. He also appeared in 19 contests with the Portland Pirates (AHL) where he tallied 11 goals and 14 points. With the Panthers among the more active teams this summer, adding talent via both free agency and the trade market, it would seem the roster is pretty set meaning Shaw is likely to serve as a depth piece in 2016-17, much as he did this past season.
- Veteran center T.J. Hensick is set to join the Ontario Reign, the AHL affiliate of the Los Angeles Kings, according to the L.A Kings Insider website. Hensick last appeared in the NHL back during the 2010-11 campaign while a member of the St. Louis Blues. He split the past campaign with Utica and Charlotte of the AHL, scoring 40 points in 65 games. Hensick played with Kings prospect Adrian Kempe for MODO in the Swedish Hockey League in 2013-14, suggesting his familiarity with one of the club’s top prospects played a role in this signing.
- Arizona has hired former NHL goalie Doug Soetaert to be the General Manager of their AHL affiliate, the Tucson Roadrunners. Most recently, Soetaert was a professional scout in the Arizona organization covering the western region. Prior to that, Soetaert plied his trade in Europe, scouting all professional leagues on the continent as well as the AHL. Soetaert also has extensive experience in the North American junior leagues, serving as Vice President and General Manager of the Everett Silvertips of the Western Hockey League from 2002 – 2012. During his playing days, Soetaert appeared in 284 games as a member of the New York Rangers (two stints), Winnipeg Jets and Montreal Canadiens.