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June 16, 2013 | 10:49am ET
Richards staying in New York?
TheFourthPeriod.com

With Alain Vigneault taking over as head coach of the Rangers, the New York Post reports the Rangers might no longer be leaning towards buying out Brad Richards' contract.

Vigneault and the Rangers agreed to terms on Saturday, but are still finalizing the details of their contract.

According to the Post, the combination of the coaching change and a lack of top-tier centermen available in the free agent market might keep Richards in the Big Apple for at least another season.

It had been widely reported that the Rangers would most certainly buy out Richards' contract, but that might now be up in the air.

Under the terms of the new Collective Bargaining Agreement, teams can buy out up to two players this summer or next summer and not have those salaries count against the salary cap.

The Rangers have already used up on compliance buyout when they got rid of defenseman Wade Redden's contract this season.

Richards, or another member of the Rangers, can be bought out this summer -- starting 48 hours after the Stanley Cup is awarded through July 4 -- or the Rangers can wait until the 2013-14 off-season.

Richards, who is signed through the 2019-20 season, has seven years left on his contract at an annual salary cap hit of $6.667 million.

While he's scheduled to earn $9 million next season, his salary drops to $1 million, per year, in the final three seasons of his deal.


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