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Shea Weber offer sheet broken down, KK hockey version

I posted this in the wrong blog, so, for those of you who follow KK hockey:

According to TSN, the Philadelphia Flyers’ offer sheet to Nashville Predators defenseman Shea Weber defines the term “front-loaded”:

The Philadelphia Flyers have signed defenceman Shea Weber to a 14-year offer sheet worth a total of of $110 million. The deal includes $68 million in bonus money in the first six years.

In total, Weber will make $14 million in each of the first four years; $12 million in years five and six; $6 million in each of the next four seasons; $3 million in year 11; and $1 million in each of the remaining years.

Sportsnet’s Nick Kypreos is confirming:

Update: Via Dmitry Chesnokov, here’s the Predators’ statement on the offer sheet:

Nashville Predators President of Hockey Operations/General Manager David Poile issued the following statement this morning:

“We are in receipt of the offer sheet signed between the Philadelphia Flyers and Shea Weber. Under the rules pertaining to an offer sheet, the Predators have one week to decide whether to match or accept the compensation. We have stated previously that, should a team enter into an offer sheet with Shea, our intention would be to match and retain Shea. Our ownership has provided us with the necessary resources to build a Stanley Cup-winning team. Due to the complexity of the offer sheet, we will take the appropriate time to review and evaluate it and all of its ramifications in order to make the best decision for the Predators in both the short and long-term.

“We do not anticipate any further comments on this situation until we make our decision within the next seven days.”

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Comments

awould's avatar

(reposted) This deal should be looked at by the league. He’ll be 41 when it expires (i think). Way too heavy on the front end and then year 7 is worth half of year 6? And having the final 3 years worth only $1MM? Years 11-14 total the same as year 10. Total BS. Seems very close to the Kovalchuk deal that got nixed. Also seems designed to screw Nashville from matching it with so much front-loaded.

Posted by awould on 07/19/12 at 01:19 PM ET

Hootinani's avatar

Not sure if I remember the rule correctly, but I think it was as long as no years salary is less than half of the previous years salary, its legal.  That may be overly simplified or completely false, as its been a long time since I’ve read anything regarding the Kovalchuk rule.

As an example, the idea was, IIRC, to keep teams from paying a player something like 10 mil a year for the first 5 years, then drop it down to 1 mil a year for the remaing 5 years to drop the overall cap hit, especially when those final 5 years were close to or over their 40s.  I don’t recall at all how bonuses fit into that equation though.

Posted by Hootinani on 07/19/12 at 01:33 PM ET

Avatar

I see the deal being matched…with one interesting caveat.  I wonder if the new CBA will either:
A. Limit the dollar amounts of the Signing Bonuses
and
B. How will Signing Bonuses affect the cap…will they count directly dollar for dollar, or will they count in another way?

Posted by bsalamon on 07/19/12 at 01:35 PM ET

Leo_Racicot's avatar

(reposted) This deal should be looked at by the league. He’ll be 41 when it expires (i think).
Posted by awould on 07/19/12 at 12:19 PM ET

The ownership group of the Flyers has a 10 year contract with the NHL, either that is not going to happen or they’ve done this to provide leverage in CBA talks for that very reason.

After a dead couple of weeks which was highlighted by Shane Doan’s breakfast last Saturday morning, this overnight contract certainly got the hockey world in full chatter mode this AM.  I’m sure that pleases many suits in New York and Philadelphia.

Posted by Leo_Racicot on 07/19/12 at 01:45 PM ET

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what if the Predators trade his rights to say - the Red Wings - for say, Franzen, a good prospect, who is ready for the NHL, & a 1st, round next year & a 2nd round next year - for Weber & then the Wings can match & they have their Lidstrom replacement & the Preds end up with a much better return for him instead of 4 1st round picks - which may not provide any help for 2 or 3 years or more—is that possible? == if so, call Holland

Posted by howie young from up north on 07/19/12 at 01:51 PM ET

J.J. from Kansas's avatar

The signing bonuses are a nice little poison-pen unofficial NTC, since all a club has to do is wait until after July 1st to trade for a guy and force the team who currently owns him to pay a majority of that year’s salary up-front.

This is my new favorite CBA loophole and it’s going to be closed soon.

“sure, I’ll pay you a ton of assets for Shea Weber, but you have to give him his $13M signing bonus before I do that and then I’ll pay his $1M salary this year and take all that cap hit.”

Again, savvy.

Posted by J.J. from Kansas on 07/19/12 at 01:56 PM ET

Paul's avatar

howie young, Preds have two options, match the offer sheet and rules say if they do that, he cannot be traded until after the season.

Or let him go to Philly for the draft picks.  Nashville can do anything they want with those picks, meaning trade them if desired.

But those picks will probably be no higher than 15th or so.

Posted by Paul from Motown Area on 07/19/12 at 02:03 PM ET

Avatar

1) The Flyers did Weber and Nashville a favour.  He’s now a Preditor for life.  Poille being an astute GM is probably first confering with the league if the contract is legal under the terms of the CBA. 
2) Regardless of what they say, Nashville will retain Weber.  They have no other choice regardless of the upfront costs.  In the long run its about the same $$ as Suter got and Weber is the better, more irreplaceable player

Posted by Fauxrumors on 07/19/12 at 02:08 PM ET

SYF's avatar

Yeah, this tactic by Holmgren forces NSH’s hand.  If you don’t know what the market value is for an RFA defenseman like Weber, wait till someone ponies up a number and then deal from that.

Posted by SYF from The Revenge of Johnny E on 07/19/12 at 02:19 PM ET

Avatar

Posted by Fauxrumors on 07/19/12 at 01:08 PM ET

Can you please copy and paste this in a few more threads?

Thanks in advance.

Posted by Garth on 07/19/12 at 02:21 PM ET

Primis's avatar

1) The Flyers did Weber and Nashville a favour.  He’s now a Preditor for life.  Poille being an astute GM is probably first confering with the league if the contract is legal under the terms of the CBA. 
2) Regardless of what they say, Nashville will retain Weber.  They have no other choice regardless of the upfront costs.  In the long run its about the same $$ as Suter got and Weber is the better, more irreplaceable player

Posted by Fauxrumors on 07/19/12 at 01:08 PM ET

Ummm, no.  No, that’s missing the entire point of what this all means.

If Weber signed the offer sheet, it means he’s unhappy in NAS to some extent and would like out.  He would not sign the offers sheet unless he wants out/wants more money/is upset and trying to force NAS’s hand.

NAS can match that sheet all they want, but they fact is that once they match and get him signed, they’re stuck with each other for a year (that he can’t be traded).

Once that year is up though… you’re likely looking at a Rick Nash type of situation where the divorce is ugly, and he’s going to be leaving anyways.  And his trade value won’t be as good, because everyone is going to be keenly aware that Weber was willing to sign to get out, and they’ll feel they can outwait the Preds much like teams are simply going to outwait CBS and Howson right now.

All is not hunky-dorey though between Weber and NAS, and it basically means that now or later… Shea Weber is leaving.  All that’s left now is to see whether NAS matches and tries to trade him themselves, or they just cut him free to the Flyers.

Either way, it’s now highly unlikely he goes anywhere but NAS or PHI though.

It’s also probably the end of meaningful hockey in Nashville.

Posted by Primis on 07/19/12 at 02:24 PM ET

Avatar

If Weber signed the offer sheet, it means he’s unhappy in NAS to some extent and would like out.

No it doesn’t.  Not at all.

It means that he wants a longterm deal.

You’d have to be a complete moron to sign an offer sheet and think that’s there’s not at least a really, really good chance that the GM would has insisted he would match any offer sheet for Weber might actually match an offer sheet to Weber.

If you’re unhappy somewhere you don’t make it so that there’s a really, really good chance that you will be under contract to that team for the rest of your professional life.

What this says about Weber is that he would really like to make about $70 million in the next six years.

Posted by Garth on 07/19/12 at 02:39 PM ET

Avatar

it means he’s unhappy in NAS to some extent and would like out

Further to that, Nashville was negotiating with a handful of teams for a trade.  If Weber truly wanted out he would’ve just sat back and refused to sign with Nashville, forcing them to complete a trade.  That way he doesn’t have to concern himself at all with the prospect of ever having to play another game as a Nashville Predator.

Posted by Garth on 07/19/12 at 02:41 PM ET

Nathan's avatar

what if the Predators trade his rights to say - the Red Wings - for say, Franzen, a good prospect, who is ready for the NHL, & a 1st, round next year & a 2nd round next year - for Weber & then the Wings can match & they have their Lidstrom replacement & the Preds end up with a much better return for him instead of 4 1st round picks - which may not provide any help for 2 or 3 years or more—is that possible? == if so, call Holland

Posted by howie young from up north on 07/19/12 at 12:51 PM ET

Even if this were possible within the rules, it is a horrible idea. Let’s total it up:

Shea Weber

for

Johan Franzen
A “good prospect” that is “ready for the NHL,” meaning one of Nyquist, Tatar or Smith
4 first-round picks
1 second-round pick

This would be a TERRIBLE trade.

Posted by Nathan from the scoresheet! on 07/19/12 at 02:46 PM ET

Avatar

Further to that, Nashville was negotiating with a handful of teams for a trade.  If Weber truly wanted out he would’ve just sat back and refused to sign with Nashville, forcing them to complete a trade.  That way he doesn’t have to concern himself at all with the prospect of ever having to play another game as a Nashville Predator.

Posted by Garth on 07/19/12 at 01:41 PM ET f Weber truly wanted out he would’ve just sat back and refused to sign with Nashville, forcing them to complete a trade.

Weber already sent the signal to Nashville when he didnt file for arbitration.

Posted by FlyersFan on 07/19/12 at 02:46 PM ET

Mandingo's avatar

Whether Weber “wanted out” or not, he’s a small market player who signed a monstrous offer sheet with a big market team and is forcing Nashville’s hand.

How do you think this is going to effect how he’s viewed by ownership, management, players, and fans in Nashville?

How would any team feel if there best player did that?

Posted by Mandingo from The Garage on 07/19/12 at 02:47 PM ET

Mandingo's avatar

Ugh…their.

Posted by Mandingo from The Garage on 07/19/12 at 02:48 PM ET

J.J. from Kansas's avatar

Shea Weber will just go to the Sergei Fedorov school of mending bridges with a fanbase and donate a shitload of money to charity.

Posted by J.J. from Kansas on 07/19/12 at 02:51 PM ET

Mandingo's avatar

Shea Weber will just go to the Sergei Fedorov school of mending bridges with a fanbase and donate a shitload of money to charity.

Posted by J.J. from Kansas on 07/19/12 at 01:51 PM ET

Heheh. But how well did that work out for Fedorov? 3/4 of Wings fans still hate him.

Posted by Mandingo from The Garage on 07/19/12 at 02:54 PM ET

Avatar

How do you think this is going to effect how he’s viewed by ownership, management, players, and fans in Nashville?

Depends if you’re a half-full or half-empty guy.

He signed a deal that means he’s willing to play the rest of his career in Nashville.

Posted by Garth on 07/19/12 at 03:04 PM ET

J.J. from Kansas's avatar

Heheh. But how well did that work out for Fedorov? 3/4 of Wings fans still hate him.

Posted by Mandingo from The Garage on 07/19/12 at 01:54 PM ET

True, but I think leaving for Anaheim in 02 is what sets that.  Fans were pretty happy with him after cup #3.

Posted by J.J. from Kansas on 07/19/12 at 03:06 PM ET

Avatar

Can you please copy and paste this in a few more threads?

Thanks in advance.
Posted by Garth on 07/19/12 at 01:21 PM ET
  Yes: http://www.kuklaskorner.com/index.php/psh/comments/webers_offer_sheet/

Posted by Fauxrumors on 07/19/12 at 04:28 PM ET

J.J. from Kansas's avatar

Posted by Fauxrumors on 07/19/12 at 03:28 PM ET

I’m dead serious. This guy’s a spammer.

Posted by J.J. from Kansas on 07/19/12 at 04:35 PM ET

Avatar

Philadelphia made $52-million in ticket revenue last REGULAR season. Nashville made $26-mil. Ball is in NSh court.

Posted by FlyersFan on 07/19/12 at 05:04 PM ET

MsRedWinger's avatar

REEEEEEEEEDICULOUS. That’s what that deal is.

Posted by MsRedWinger from Flori-duh on 07/19/12 at 07:28 PM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

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