Kings Place Mike Richards On Waivers

By MH
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Updated: June 29, 2015

According to Chris Johnston of the Sportsnet.ca the Los Angeles Kings have waived Mike Richards.

Mike Richards will receive $14.67M over 10 years from his #LAKings buyout. Dean Lombardi’s loyalty comes at a price since it counts on cap.

— Chris Johnston (@reporterchris) June 28, 2015

Darren Dreger of Tsn.ca also reported the news.

La places Richards, Ana places Fistric, and Mtl places Parenteau on unconditional Waivers for buy out. Clune cleared will be bought out.

— Darren Dreger (@DarrenDreger) June 28, 2015

James Mirtle of TSN reported the buyout situation.

Kings place Mike Richards on waivers (buyout).

— James Mirtle (@mirtle) June 28, 2015

This starts the buyout process for Richards. Richards has not performed well in the last two seasons with the Kings and general manager Dean Lombardi took a chance on not putting amnesty on Richards last season. Many people believe that will be Lombardi’s biggest downfall.

The Kings will continue their off season as this is one of many moves that must be done. We will keep you updated as things progress with Richards.

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