The club has simply issued the following statement and decided not to comment any further:
"The Los Angeles Kings today have exercised the team's right to terminate the contract of Mike Richards for a material breach of the requirements of his Standard Player's Contract. We are not prepared to provide any more detail or to discuss the underlying grounds for the contract termination at this time."
In the TSN 690’s Melnick in the Afternoon show in Montreal, ice hockey analyst Pierre McGuire hinted that it has something to do with "material breach" of the deal.
However, according to ESPN, the unfortunate development rooted from an "off-the-ice incident."
Whatever the reason was, it was more than enough for the Kings to make a huge decision ending Richards 12-year $69 million contract with five years remaining.
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