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4 Reasons Brad Richards Paid Over $20 Million From N.Y. Rangers

4 Reasons Brad Richards Paid Over $20 Million From N.Y. Rangers
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Things can change quickly in a week in the NHL.

NHL teams were permitted two compliance buyouts in the last collective bargaining agreement with players to create needed space under the salary cap. A week ago Brad Richards was playing for a Stanley Cup, and now he is a free agent.

The expected buyout was announced on Friday. ESPN New York reports that Richards will receive $12.6 million of his remaining salary over the next 12 years plus $8 million in signing bonuses for the next three summers. Richards signed with the Rangers in 2011, a nine-year deal worth $60 million.

Richards was released mainly because the team has eight players who will become restricted or unrestricted free agents on July 1. According to the New York Daily News, the Rangers will now have $6.67 million in salary cap room to sign players such as Derick Brassard and Dominic Moore, or to try to negotiate contract extensions with center Derek Stepan of defenseman Marc Staal.

 

Chuck Noll: Coach, Teacher and Friend

Chuck Noll: Coach, Teacher and Friend
BY JED HUGHES
VICE CHAIR, KORN FERRY
SPECIAL TO NEWJERSEYNEWSROOM.COM

Chuck Noll built Pittsburgh's famed Steel Curtain defense and used it as the foundation for one of football's greatest dynasties. In...

Jersey resident and MLS Medical Coordinator, John Gallucci Jr., talks Brand, Injury Prevention and World Cup

Jersey resident and MLS Medical Coordinator, John Gallucci Jr., talks Brand, Injury Prevention and World Cup
BY JOE FAVORITO
SPECIAL TO NEWJERSEYNEWSROOM.COM

As the world gets ready to absorb World Cup fever, many a fan will hold their collective breaths as a star player here or there goes down with injury. Go...

California Chrome's Triple Crown Quest Brings Back a "Slew" of Memories

California Chrome's Triple Crown Quest Brings Back a
BY TOM VALLEDOLMO
NEWJERSEYNEWSROOM.COM

When California Chrome walks onto the racetrack at Belmont Park this Saturday, attempting to complete a sweep of the Triple Crown, I’m sure my mind’s-eye will tak...

'Personal with Bill Rhoden' starts with Grant and Calvin Hill

'Personal with Bill Rhoden' starts with Grant and Calvin Hill
BY JERRY MILANI
NEWJERSEYNEWSROOM.COM

Next Wednesday, smack in the middle of the NBA Finals and right before Father’s Day, the EPIX premium movie channel will debut a new talk show involving two longtim...

Sixers To Garden State At Least To Train? Could be A Good Move

Sixers To Garden State At Least To Train? Could be A Good Move
BY JOE FAVORITO
SPECIAL TO NEWJERSEYNEWSROOM.COM

This almost sorta happened once before, in 1993. I was there to the left of the podium. The Philadelphia 76ers and their owner Harold Katz were embroiled...

A Look at N.J. Baseball: Majoring In The Minors ... MILB Bands Together

A Look at N.J. Baseball: Majoring In The Minors ... MILB Bands Together
BY JOE FAVORITO
SPECIAL TO NEWJERSEYNEWSROOM.COM

It is perhaps the best form of family sports entertainment in North America; affordable, fun, usually pretty quick, casual and plentiful in most areas. I...

Yogi Berra Museum and Lunar Sports Group Present the Sports Business Academy

Yogi Berra Museum and Lunar Sports Group Present the Sports Business Academy
BY JERRY MILANI
NEWJERSEYNEWSROOM.COM

For high school and college students seeking insights for a successful career in sports, the Yogi Berra Museum & Learning Center and Lunar Sports will be presen...

Sports As A Metaphor For Social Change: One Theme, Two Events, Three Million Dollars Raised

Sports As A Metaphor For Social Change: One Theme, Two Events, Three Million Dollars Raised
BY JOE FAVORITO
SPECIAL TO NEWJERSEYNEWSROOM.COM

Many times we in this business get caught up in the hype, the ROI, the buzz and sometimes the routine that we forget about the amazing power that sport h...

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