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Kings officials announced Monday they have terminated the contract of center Mike Richards, one day after placing him on unconditional waivers.

They refused to say why they're terminating Richards' deal, which carries an annual salary cap hit of $5.75 million through 2020.

"We are in the process of reviewing the facts and circumstances of this matter and will discuss the situation with the player in order to determine the appropriate course of action," officials from the NHL Players' Association said a statement.

Ice chips

Goaltender Antti Niemi signed a three-year contract with the Stars.

... The Sabres placed forward Cody Hodgson on unconditional waivers with the intention of buying out his contract.

... Center Jay Beagle re-signed with the Capitals, getting a $5.25 million, three-year contract.

... The Hurricanes agreed to a two-year deal with forward Andrej Nestrasil, which will pay the former Red Wings prospect $875,000 this season and $950,000 next season. Carolina claimed him off waivers last season.

... The Penguins and defenseman Ian Cole agreed to a three-year, $2.1 million contract.

... The Flyers sent forward Zac Rinaldo to Boston for a third-round pick in 2017.

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