The Kings terminated Richards’ contract on June 29 for a breach of requirements.
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Mike Richards has reportedly reached a settlement with the Los Angeles Kings.
The National Hockey League Players’ Association announced in a press release Friday that it has reached a settlement with the National Hockey League regarding former Los Angeles Kings forward Mike Richards’ terminated contract.
“The terms are agreeable to all parties”, the Kings said in a statement.
At the time of termination, Richards’ contract still carried five-years and $22 million.
Richards was a member of the Kings” Stanley Cup teams in 2012 and “14. The 30-year-old was questioned and held at the United States-Canada border in mid-June and was charged with possession of a controlled substances while attempting to enter Canada on August. 25.
Richards agreed to a 12-year, $69 million contract extension with the Flyers in December 2007.
He never scored more than 44 points in a season with Los Angeles, although coach Darryl Sutter praised his two-way play and leadership during the Kings’ three-year run of playoff excellence.
Earlier this week it was reported that Richards and the team were working on a possible settlement aimed at avoiding arbitration that, if won by Richards, could prove extremely costly to the Kings, both in terms of money and a roster spot. Richards will be appearing in Emerson Provincial Court on September 10th, 2015.
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Richards, who of course is former captain of the Philadelphia Flyers, is now an unrestricted free agent.
