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Hockey Fortune: $52,844,273

Description

Mike Richards’s net worth / earnings / salary history: Earned US $52,844,273 (US $70,478,563 in today's dollars), ranking #202 in NHL / hockey career earnings. Currently under contract for US $4,500,000 for a projected hockey fortune of US $57,344,273.

Birthdate: February 11, 1985
Country of birth: Canada
Position: C
NHL Draft:
Salary History - Mike Richards
All amounts in US$ unless otherwise noted.
Season   Earnings
(US$)
In today's
US$
Rank
2005-06 $942,400 $1,461,688 354
2006-07 $942,400 $1,416,008 392
Source(s): NHLPA
2007-08 $942,400 $1,376,738 396
Source(s): NHLPA
2008-09 $5,400,000 $7,597,120 63
Prior to the season, signed a twelve-year contract with the Philadelphia Flyers for $69M.
Source(s): NHLPA / Sportsnet
2009-10 $5,600,000 $7,906,404 62
Source(s): NHLPA
2010-11 $6,400,000 $8,890,030 41
Source(s): NHLPA
2011-12 $6,600,000 $8,887,437 39
Source(s): NHLPA
2012-13 $4,917,073 $6,487,136 16
Because of the lockout, his NHL salary of $8,400,000 was prorated for the 48-game season.
Source(s): NHLPA
2013-14 $7,600,000 $9,881,696 17
Source(s): NHLPA
2014-15 $7,000,000 $8,956,239 31
Source(s): NHLPA
2015-16 $2,300,000 $2,939,288 345
On June 29, 2015, the Los Angeles Kings terminated his contract, which had $22M on five years remaining, for a material breach of his Standard Player's Contract after he was arrested at the US-Canada border for possession of oxycodone. The NHLPA files a grievance and on October 9, 2015, it was announced that a settlement had been reached with the team where he would be paid $10.5M over 17 years ($1.8M in 2015-16; $250,000 per year from 2016-17 to 2019-20; $700,000 in 2020-21; $900,000 in 2021-22 and 2022-23; $700,000 in 2023-24 and 2024-25; $600,000 per year from 2025-26 to 2028-29; $500,000 in 2029-30 and 2031-32; and $400,000 in 2031-32) and would become a free agent. On January 5, 2016, as a free agent, signed a one-year contract with the Washington Capitals for a $1M annual salary to be pro-rated to approximately $500,000 to finish the season. Earned his $1.8M settlement plus $500,000 salary. Retired as a pro-hockey player after the season.
Source(s): USA Today / Los Angeles Times / Sportsnet
2016-17 $250,000 $315,508 800
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
2017-18 $250,000 $308,930 830
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
2018-19 $250,000 $301,561 1138
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
2019-20 $250,000 $296,194 972
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
2020-21 $700,000 $819,281 909
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
Due to the Covid-19 pandemic, the NHL played a 56-game season instead of 82. Base salaries were not pro-rated but 10% of $700,000 was deferred and payable in three yearly payments, starting in October 2022, without interests. Escrow for the season was increased to 20% and performance bonuses were pro-rated (amounts and targets to reach).
2021-22 $900,000 $1,005,941 700
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
2022-23 $900,000 $931,363 733
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
2023-24 $700,000 $700,000 1023
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
Career Total: US $52,844,273
(In today's dollars: US $70,478,563)

NHL Rank: 202
(In today's dollars: 202)
Under Contract
2024-25 $700,000
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
2025-26 $600,000
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
2026-27 $600,000
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
2027-28 $600,000
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
2028-29 $600,000
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
2029-30 $500,000
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
2030-31 $500,000
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
2031-32 $400,000
Payment from his 2015-16 settlement with the Los Angeles Kings.
Source(s): Sportnet
Under contract for: US $4,500,000

Projected fortune at end of contract: US $57,344,273