New York, NY, United States (4E Sports) – The New York Rangers exercised its remaining compliance buyout to the six years remaining on Brad Richards’ nine-year, $60 million deal signed in 2011.
Richards will receive $12.6 million to be paid out over 12 years. His contract carried a $6.67 million NHL salary-cap charge.
The 34-year-old forward was second with 20 goals and third with 51 points in the Rangers lineup in the 82 regular season games of 2013-14. His performance dropped in the Stanley Cup Final, where he was demoted to the fourth line for Games 4 and 5 against the eventual champion Los Angeles Kings.
He had five goals and 12 points in 25 playoff games the past season.
In three years with the Rangers, Richards had 46 goals and 151 points in 210 regular-season games, and 28 points in 55 playoff games.
Richards was drafted by the Tampa Bay Lightning in the third round and No. 64 overall in 1998. He had 26 points in 23 games playoff games in 2004 to help the Lightning win the Stanley Cup.
The compliance buyout is the final one for the Rangers, who previously used one on defenseman Wade Redden in January 2013.