The Rangers have announced that they will not be buying out center Brad Richards this summer. The Rangers have one additional compliance buyout –they used their first on Wade Redden– but have until next offseason to use it. With a new coach in place, and without a pressing need to use the buyout this season, the Rangers have decided to see what they can get out of Richards this year.
Richards had been the subject of many buyout rumors, with seven years left on his deal at a $6.6 million cap hit. The Rangers still have $14.1 million in cap space to work with this offseason.