The Age is reporting that Richmond and Rance have come to an agreement to pay out part of his salary that he would have otherwise been paid.
One-sixth of quite a bit: Alex Rance leaves $1.4 million on the table
The result is that Richmond now have buckets of $$$'s available under the salary cap for this year and next.
If this is allowed by the AFL, then you can be sure that Sydney and Collingwood will exploit the same avenue for their 10 and 7 year signings, when they can't make it to the end of their contracts!