Kings terminate contract of Mike Richards

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Los Angeles has terminated Mike Richards’ contract.

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,” said the team in a statement. “We are not prepared to provide any more detail or to discuss the underlying grounds for the contract termination at this time.” It’s being widely speculated that there will be a battle between the NHL, Los Angeles, the NHLPA and Newport over Richards’ deal. His contract is off the books for the Kings for now, but it will likely be subject to a grievance.