Report: Rangers Buy Out Forward Brad Richards

Posted on Jun 20 2014 - 1:29pm by Johnny Feulner
The New York Rangers have bought out forward Brad Richards from his nine-year, $60 million contract - Mandatory Credit: Scott Levy/NHLI via Getty Images

The New York Rangers have bought out forward Brad Richards from his nine-year, $60 million contract – Mandatory Credit: Scott Levy/NHLI via Getty Images

As expected, the New York Rangers are moving on without center Brad Richards.

According to ESPN.com NHL columnist Pierre LeBrun, New York has reportedly bought out the last six years of Richards’ contract, making him an unrestricted free agent come Jul. 1.

Richards had signed a nine-year, $60 million contract with the Rangers back in the summer of 2011, and was making $6.67 million per season in the final six years of that deal.

Richards is reportedly still owed $8 million in signing bonuses – which are to be paid over the next three years – and $12.6 million in salary – per LeBrun.

When looking at his collected purse as a whole, Richards wound up earning just over $51 million of his $60 million deal – per Rogers Sportsnet senior hockey writer Chris Johnston.

Once Jul. 1 commences, Richards will have the opportunity to sign with any other team in the league – obviously – but he can’t re-sign with the Rangers.

This past season in 82 regular-season contests for New York, Richards registered 51 points (20G, 31A) and skated to a minus-8 rating. Over his three years with the Rangers, he garnered 151 points (56G, 95A) with a minus-1 rating in 210 regular-season tilts.