Ryan Russell

Ryan Russell signs with Swedish team

Leksands IF of the Swedish Hockey League is reporting that they have signed forward Ryan Russell.

Russell was drafted with the 211th pick in the 2005 NHL Entry Draft, but he managed to fight his way to the NHL in 2011-12.

He scored two goals in 41 contests with the Columbus Blue Jackets. However, the 26-year-old ended up back in the AHL last season, recording six goals and 10 assists in 62 contests with Springfield.

His twin brother, defenseman Kris Russell, has 95 points and 145 penalty minutes in 364 career NHL games. The blueliner will play for the Calgary Flames in 2013-14 on a one-year contract worth $1.5 million.

The twins briefly played within the same organization when the Blue Jackets acquired Ryan in the summer of 2011. However, Ryan wouldn’t make his NHL debut until Jan. 7, 2012 and by then Kris had been traded to the St. Louis Blues.

Kings grab goalie insurance by signing Budaj

LOS ANGELES, CA - SEPTEMBER 22: Jhonas Enroth #1 and Peter Budaj #31 of the Los Angeles Kings stretch before a game against the Arizona Coyotes at STAPLES Center on September 22, 2015 in Los Angeles, California. (Photo by Andrew D. Bernstein/NHLI via Getty Images)
via Los Angeles Kings
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In slightly less interesting Los Angeles Kings news than the latest in the Mike Richards fiasco, the team handed Peter Budaj a one-year, two-way deal on Friday.

The veteran goalie’s contract pays $575K on the NHL level and $100K in the AHL (though it’s $150K guaranteed), according to Hockey’s Cap.

At the moment, it sounds like Budaj will be third on the Kings’ goalie depth chart. That says as much about how things have been going lately for Los Angeles than Budaj’s work on a PTO.

As noted above, one of the more significant moves in Budaj’s favor came when the New York Islanders claimed Jean-Francois Berube off of waivers this week.

The Kings actually waived Budaj before signing him, so this has to be a relief to a goalie with a fairly robust resume as a backup.

All apologies to Budaj, but it’s probably true that the Kings would prefer not to see him at the NHL level very often in 2015-16.

Kings, NHLPA announce settlement in Richards grievance

Los Angeles Kings v New York Rangers

The Los Angeles Kings announced today that they have “reached an agreement with Mike Richards to resolve the grievance filed in relation to the termination of his NHL Standard Players Contract. The terms are agreeable to all parties.”

The club said that it will not be commenting further “on the terms” of the settlement.

The NHLPA released a similar statement.

It was reported earlier in the week that a settlement was close to being reached; however, it wasn’t clear what salary-cap penalties the Kings would incur.

We’re starting to find out some details now:

How the final numbers differ from what the Kings would have incurred if they’d bought Richards out will be interesting to see. And if there are differences, how will they be justified?

Stay tuned.