Flyers Sign Weber to $110 Million Offer Sheet

News of the late-night offer sheet signing of Shea Weber sent shockwaves throughout the NHL community. (Tim Fuller/US Presswire)

 

By: Tyler J. Altemose (@TJamesAltemose)

Late last night TSN’s Darren Dreger reported that the have Flyers signed defenseman Shea Weber of the Nashville Predators to a 14-year offer sheet worth over $100 million (full story from TSN here).

The 6’ 4”, 232-pound restricted free agent recorded 19 goals and 30 assists last season with the Predators and was a +21.

Early this morning, Nick Kypreos of Sportsnet clarified the offer as being a $110 million, 14-year deal which includes $68 million in signing bonuses over the first six years. The deal is broken down below:

 

Year

Salary

Signing Bonus

Total

2012-13

$1,000,000

$13,000,000

$14,000,000

2013-14

$1,000,000

$13,000,000

$14,000,000

2014-15

$1,000,000

$13,000,000

$14,000,000

2015-16

$1,000,000

$13,000,000

$14,000,000

2016-17

$4,000,000

$8,000,000

$12,000,000

2017-18

$4,000,000

$8,000,000

$12,000,000

2018-19

$6,000,000

$6,000,000

2019-20

$6,000,000

$6,000,000

2020-21

$6,000,000

$6,000,000

2021-22

$6,000,000

$6,000,000

2022-23

$3,000,000

$3,000,000

2023-24

$1,000,000

$1,000,000

2024-25

$1,000,000

$1,000,000

2025-26

$1,000,000

$1,000,000

Total

$110,000,000

The Predators have seven days to match the offer. If they do not, Weber becomes the newest member of the Flyers. The Flyers would then owe the Predators four First Round draft picks as compensation, according to the NHL’s Collective Bargaining Agreement. In the interim, Weber cannot be traded.

The Predators have already gone on record indicating that should any team sign Weber to an offer sheet, they would match. Intuitively, the likely scenario would simply involve the Predators matching this offer. That would essentially make Shea Weber a Predator for life.

An alternative scenario was also introduced by Bill Meltzer, a writer for NHL.com and Hockeybuzz.com. In this scenario, the Predators would decline to match the offer by the Flyers, thus allowing Shea Weber to be traded. In return, the Flyers would then send players to Nashville in exchange for some of the compensatory draft picks they would otherwise owe.

This would enable Philadelphia to acquire a number one defenseman and would allow Nashville the opportunity to receive some immediate gains instead of otherwise waiting for the drafting and development process to unfold. It would also give the Predators more space to sign talent up front.

The reason this scenario also makes significant intuitive sense is that Predators GM David Poile and Flyers GM Paul Holmgren have a good working relationship. If this were simply a situation where Holmgren forces Poile’s hand, it would likely tarnish that relationship. What makes greater sense is that this was a situation that was thoroughly discussed and that a trade in principle has already been worked out, pending the outcome of this offer sheet.

What also makes this offer sensible for the Flyers is that Shea Weber will certainly not land on any rival team’s roster. In a worst case scenario, he remains with the Predators.

This is a developing story, so stay tuned to The Hockey Guys for further news and updates.

2 Responses to Flyers Sign Weber to $110 Million Offer Sheet

  1. Pingback: Making Sense of the Flyers' Shea Weber Offer Sheet « The Hockey Guys The Hockey Guys

  2. Pingback: Weber Watch 2012: What If The Predators Can't Pay Up? « The Hockey Guys The Hockey Guys

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>