The Chicago Blackhawks have signed centre Brad Richards to a one-year deal worth $2 million.
The 34-year-old had his contract bought out by the New York Rangers in June. Richards will receive two-thirds of the remaining money to be paid out over 12 years -- a total of $12.6 million with an additional $8 million in signing bonuses due over the next three years.
Richards scored 20 goals and added 31 assists with a minus-eight rating in 82 games with the Rangers in 2013-2014. The 34-year-old added five goals and seven assists in New York's run to the Stanley Cup Final.
New York signed Richards as an unrestricted free-agent in July 2011 to a nine-year worth $60 million. He has six years left on his contract with an average annual value of $6,666,667.
The native of Murray Harbour, PEI has 276 goals and 591 assists for 867 points in 982 career games with the Rangers, Dallas Stars and Tampa Bay Lightning. Richards won the Stanley Cup with the Lightning in 2004 and also took home the Conn Smythe Trophy as the playoffs' most valuable player that year.
Richards was selected by the Lightning in the third round (64th overall) in the 1998 NHL Entry Draft.