The Kings have placed Richards on waivers, TSN.ca reports.

The Kings have placed Richards on waivers, TSN.ca reports.

Analysis:

Other NHL teams have 24 hours in which to place a claim on Richards, who carries a salary cap hit of $5.75 million for the next five seasons. Per the report, if Richards -- who has recorded 15 points in 47 games for the Kings to date -- goes unclaimed, he would then be assigned to AHL Manchester.