Salary cap ramifications of Mike Richards settlement

Mike Richards. (Nam Y. Huh/AP)

Sometime this week, teams were informed of the breakdown for the Mike Richards settlement with the Los Angeles Kings.

The total payout is $10.5 million through the 2031-32 season, not 2030-31 as I originally reported. It is not evenly spread out over that time. The Kings chose to take the biggest hit this season.

The first five years feature an additional $1.32 million cap recapture penalty on top of the salary paid.

Here are the cap ramifications. Note: The 2015-16 total is the cap recapture plus a $1.8 million payout. The 2016-17 to 2019-20 totals are cap recapture plus a $250,000 payout.

YEAR CAP HIT
2015-16 3.12 million
2016-17 1.57 million
2017-18 1.57 million
2018-19 1.57 million
2019-20 1.57 million
2020-21 $700,000
2021-22 $900,000
2022-23 $900,000
2023-24 $700,000
2024-25 $700,000
2025-26 $600,000
2026-27 $600,000
2027-28 $600,000
2028-29 $600,000
2029-30 $500,000
2030-31 $500,000
2031-32 $400,000