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Weber Staying In Nashville

via the Predators website,

Nashville, Tenn. (July 24, 2012) – In the most important hockey transaction in franchise history, Nashville Predators Chairman Tom Cigarran, President of Hockey Operations/General Manager David Poile and CEO Jeff Cogen announced today that the team has matched the 14-year, $110 million offer sheet between the Philadelphia Flyers and defenseman Shea Weber, insuring that the Predators’ captain will remain with the franchise for the next 14 years.

The decision to enter into the largest contract in franchise history was made by all parts of the organization, including ownership, hockey operations and business operations.

As the organization analyzed the overall situation and worked toward a conclusion, the decision boiled down to three questions:

- Was Shea Weber the individual that this franchise wanted to lead our team, a team that would compete for the Stanley Cup every year, for the next 14 years?

continued

added 3:27pm, complete press release is below…

Nashville, Tenn. (July 24, 2012) – In the most important hockey transaction in franchise history, Nashville Predators Chairman Tom Cigarran, President of Hockey Operations/General Manager David Poile and CEO Jeff Cogen announced today that the team has matched the 14-year, $110 million offer sheet between the Philadelphia Flyers and defenseman Shea Weber, insuring that the Predators’ captain will remain with the franchise for the next 14 years.

The decision to enter into the largest contract in franchise history was made by all parts of the organization, including ownership, hockey operations and business operations.

As the organization analyzed the overall situation and worked toward a conclusion, the decision boiled down to three questions:

- Was Shea Weber the individual that this franchise wanted to lead our team, a team that would compete for the Stanley Cup every year, for the next 14 years?

- Would matching the offer sheet be in the best long-term interest of the team and organization?

- Would a decision not to match the offer sheet send a negative message to current Predators players and other NHL organizations, a message that the Predators would only go so far to protect its best players and be pushed around by teams with “deep pockets?”

The answer to each of the above questions is clearly “yes.” The organization spent the last several days analyzing all aspects of the offer sheet, from economic implications to the impact on the team hockey operations puts on the ice.

Most importantly was the reaction to whatever decision the organization reached and the impact it would have on our fans, sponsors and marketing partners. We wanted to insure that our decision reflected not just the feelings of these groups but also conveys a strong message to them that our actions would speak for us and demonstrate our commitment to them. It was absolutely essential that they understand and believe that we are doing everything possible to ice a Stanley Cup competing team each and every season.

With this decision behind us, we continue to focus on our mission:  Develop Bridgestone Arena into the number one sports and entertainment facility in North America with a Stanley Cup-winning Nashville Predators team as the centerpiece. With Shea Weber in the fold for the next 14 years, we are closer to this mission, and will continue to contend for the Stanley Cup on an annual basis.

Cigarran, Poile and Cogen will be available for a media conference tomorrow at 1 p.m. CT on the Bridgestone Arena concourse to discuss the organization’s decision.

There will be no further comment from the Predators until Wednesday’s media conference.

Filed in: NHL Teams, Nashville Predators, | KK Hockey | Permalink
  Tags: shea+weber

Comments

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Oh my God, this is the most surprising thing to happen ever.

Posted by Garth on 07/24/12 at 04:22 PM ET

Paul's avatar

via CapGeek tweet,

With Weber, #Predators now at $53.7M with 21 players on projected roster, basically putting them at the #NHL cap floor. http://www.capgeek.com/charts.php?Team=19

Posted by Paul from Motown Area on 07/24/12 at 04:22 PM ET

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Well, I guess that just blew up in Webers face, didn’t it

Posted by Well, well on 07/24/12 at 04:23 PM ET

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Well, I guess that just blew up in Webers face, didn’t it

Posted by Well, well on 07/24/12 at 03:23 PM ET

I’ve got to imagine Weber could of expected this would possibly happen.  He could have easily forced a trade instead of signing an offer sheet.

Posted by henrymalredo from Lansing on 07/24/12 at 04:29 PM ET

Hootinani's avatar

Wish I could have a $110 mil bomb blow up in my face.

Posted by Hootinani on 07/24/12 at 04:30 PM ET

phillyphever's avatar

Oh well, it was worth a shot. Plus, I don’t have to worry about him going to Pittsburgh or NY now. Also glad Homer didn’t bite and trade away Voracek to get Weber.

Posted by phillyphever on 07/24/12 at 04:33 PM ET

SYF's avatar

Damn.  The only thing left is to see if it’ll stand up to the NHL scrutiny like they did for Kovalchuk’s contract.

Posted by SYF from The Revenge of Johnny E on 07/24/12 at 04:35 PM ET

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Well, I guess that just blew up in Webers face, didn’t it

Do you think he accidentally signed the offer sheet without considering that he might be spending the next fourteen years in Nashville?

Posted by Garth on 07/24/12 at 04:38 PM ET

phillyphever's avatar

Damn.  The only thing left is to see if it’ll stand up to the NHL scrutiny like they did for Kovalchuk’s contract.

Posted by SYF from a drunken Guinness blitz [hic] on 07/24/12 at 03:35 PM ET

Already did.

Posted by phillyphever on 07/24/12 at 04:39 PM ET

Vladimir16's avatar

Oh my God, this is the most surprising thing to happen ever.
Posted by Garth on 07/24/12 at 03:22 PM ET

Hahahaha….

Posted by Vladimir16 from Grand River Valley on 07/24/12 at 04:39 PM ET

awould's avatar

The contract was the cake. Actually getting that contract in Philly would’ve been having that cake and eating it too. And we all know that can’t happen.

Every Penguins/Rangers fan just breathed a sigh of relief.

Posted by awould on 07/24/12 at 04:41 PM ET

SYF's avatar

Already did.

Posted by phillyphever on 07/24/12 at 03:39 PM ET

Hadn’t read anything on that.  Thanks.

Posted by SYF from The Revenge of Johnny E on 07/24/12 at 04:43 PM ET

Evilpens's avatar

Not really ! I think he is overrated & that is a Ridiculous contract they signed him too

Posted by Evilpens on 07/24/12 at 04:48 PM ET

TheFreak's avatar

Guess that means Philly may throw that kind of offer toward Doan, Yandle, etc.

Which means Wings will probably stand down once again if considering going after those two.

Posted by TheFreak on 07/24/12 at 04:50 PM ET

MOWingsfan19's avatar

And the ink is drying on another contract that spells lockout.

Posted by MOWingsfan19 from I really like our team on 07/24/12 at 04:50 PM ET

J.J. from Kansas's avatar

I hate having been right about this.

But maybe next time The Tennessean writes an article about how poor the Predators are while at the same time saying that the organization won’t even open their books to the city they’re asking $6M in subsidies from, people will take that big ol’ grain of salt out of storage and give it some consideration.

Posted by J.J. from Kansas on 07/24/12 at 04:54 PM ET

Vladimir16's avatar

But maybe next time The Tennessean writes an article about how poor the Predators are while at the same time saying that the organization won’t even open their books to the city they’re asking $6M in subsidies from, people will take that big ol’ grain of salt out of storage and give it some consideration.
Posted by J.J. from Kansas on 07/24/12 at 03:54 PM ET

What he said ^^^^^

Posted by Vladimir16 from Grand River Valley on 07/24/12 at 04:56 PM ET

Avatar

Anyone knows if this contract has any NTC at all?

Posted by Zqto from Brazil on 07/24/12 at 05:06 PM ET

SYF's avatar

CapGeek doesn’t show any such thing…yet, Zqto.

Posted by SYF from The Revenge of Johnny E on 07/24/12 at 05:07 PM ET

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Anyone knows if this contract has any NTC at all?

It may not be correct info, but I read on another thread that offer sheets can’t include NTCs or NMCs.

Again, no clue if it’s is true or not, but this is what I read.

Posted by Garth on 07/24/12 at 05:09 PM ET

MoreShoot's avatar

I think he is overrated & that is a Ridiculous contract they signed him too

the contract is crazy, but I don’t think he’s overrated.  I think he got screwed in the Norris voting.

Is it too late for the Wings to send an offer sheet for $2500?

Posted by MoreShoot on 07/24/12 at 05:14 PM ET

NIVO's avatar

dont think he cares about a NTC or NMC. Hell, for $110 meeeelion dollars I’d play for the Iceberg lettuceheads.

Posted by NIVO from underpants gnome village on 07/24/12 at 05:15 PM ET

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Bobby Ryan, come on down… You are the next contestant on Sign An Insane Offer-Sheet.

Posted by ProjectMayhem on 07/24/12 at 05:16 PM ET

J.J. from Kansas's avatar

Bobby Ryan isn’t a restricted free agent.

Posted by J.J. from Kansas on 07/24/12 at 05:17 PM ET

Nathan's avatar

Do you think he accidentally signed the offer sheet without considering that he might be spending the next fourteen years in Nashville?

Posted by Garth on 07/24/12 at 03:38 PM ET

Garth, I’m with ya’ buddy, but you gotta just let it slide, it isn’t worth the effort you’re putting in trying to convince the trolls of what is obvious to the rest of us… :D

Posted by Nathan from the scoresheet! on 07/24/12 at 05:41 PM ET

Avatar

How many days does nash file for chapter 11 when lockout starts?

I got 10 days.

Posted by FlyersFan on 07/24/12 at 05:47 PM ET

Mandingo's avatar

Well, I was wrong as usual.

Posted by Mandingo from The Garage on 07/24/12 at 05:53 PM ET

Crow's avatar

Right on, Nashville.  Lots of respect to you.

Posted by Crow on 07/24/12 at 06:00 PM ET

Paul's avatar

For those asking about a NTC, via Craig Button tweet,

Article 10.3 (b) allows for additional terms as may be agreed upon between RFA & prior club. So Nashville & Weber could agree on NTC/NMC.

Posted by Paul from Motown Area on 07/24/12 at 06:03 PM ET

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Enh, these were just typical Philly moves and typical Nashville moves.  It’s typical Philly because they always try and throw silly money at players.  It’s typical Nashville because they never admit they are a small market team, so they end up making stupid moves that hold their franchise back just to try and artificially maintain season ticket sales by not ‘surrendering’ their best remaining player for, you know, 4 first round picks.

On the other hand, this safely puts Nashville in the ‘oh God please let there be a 20%+ rollback in the next CBA’ camp.

Posted by HockeyinHD on 07/24/12 at 06:13 PM ET

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Well, I guess that just blew up in Webers face, didn’t it

Posted by Well, well on 07/24/12 at 03:23 PM ET

Not really. He gets one of those goofy cap-circumvention deals grandfathered in a couple months before, in all probability, they are outlawed. And he gets to play it out in, by all accounts, a good organization. This was always a win-win for him, match or no.

Posted by larry from pitt on 07/24/12 at 06:25 PM ET

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Article 10.3 (b) allows for additional terms as may be agreed upon between RFA & prior club. So Nashville & Weber could agree on NTC/NMC.

Posted by Paul from Motown Area on 07/24/12 at 05:03 PM ET

Considering that matching does not require these additional terms to be agreed upon, it seems that it’s entirely at Nashville’s discretion whether a no-trade is included. Best Weber could hope for, I figure is and 8-10 team list as a favor from Poile. Weber has no leverage to get anything else. Can’t even demand a trade if he doesn’t get it, since Nashville isn’t even permitted to trade him.

Posted by larry from pitt on 07/24/12 at 06:29 PM ET

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weber going to philly would have made it more attractive to Doan to go there. my guess is he ends up with the rangers with Nash.

Posted by longtimewingsfan from mi on 07/24/12 at 07:11 PM ET

mrfluffy's avatar

I want to know what the original numbers Polie was throwing at Weber causing him to sign an offer sheet.

Posted by mrfluffy from A wide spot on I-90 in Montana on 07/24/12 at 07:32 PM ET

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Posted by HockeyinHD on 07/24/12 at 05:13 PM ET

It’s a stupid move to keep one of the best defensemen in the league instead of making another team much better and making it likely that the four first round picks they would’ve received would be late-round picks?

Letting Weber go means they lose both of their best defensemen, which makes the team that much worse, and they have to wait for 3-5 years minimum to get any kind of return for him.

Posted by Garth on 07/24/12 at 07:37 PM ET

tuxedoTshirt's avatar

I want to know what the original numbers Polie was throwing at Weber causing him to sign an offer sheet.

Well it was $4 mil last year before the Arbitrator awarded him $7 mil…...even though he’s the captain.  I thought that would discourage him about Nashville, but really, this was the best way to get the bonanza, which is enough to make the Iceberg Lettuceheads pretty attractive.

I’m guessing it was a pretty limp offer.

Posted by tuxedoTshirt from the Home of the 1937 World Champions on 07/24/12 at 08:18 PM ET

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Either way, Holmgren is paying (in part) for Weber’s salary with the current revenue sharing agreement.  At least this way, he secures the fact that the Rangers, Wings, and Penguins pay for it with no access. 

Still a smart move.  A gamble that was a calculated risk.  No harm, no foul.  Once Carle and Jagr left, Holmgren was nearly forced to make this offer.  They still have a top tier defence and are capable up front.  Weaker with the absence of Jagr, but he and Iginla are available come the deadline.  The Flyers (and Penguins) still have cap space to make a trade in February.  The Wings won’t likely think that is of any consequence as that roster (on paper) isn’t anything to go deep.  One player won’t change that.

If anything, a great move to ensure that hockey moves to Hamilton and out of a “small market” like Villenash or whatever that village is called…

Posted by Bob from Washington, DC on 07/24/12 at 08:33 PM ET

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It was a bush move by Philly.  Glad Nashville stuffed ‘em.  These offer sheets should be outlawed.  Along with No-Trade clauses.

Posted by 13 user names on 07/24/12 at 08:53 PM ET

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It’s a stupid move to keep one of the best defensemen in the league instead of making another team much better and making it likely that the four first round picks they would’ve received would be late-round picks?

Yes.

Why, you (should) ask?  Because the Nashville Predators aren’t going anywhere with Weber, considering they lost Suter.  So, why keep the guy and pay him 110 million bucks when they could (at least, after wildly screwing the pooch so far) get 4 #1’s from the Flyers?

And as a reminder, in the last 6 years Philly has had the #8 overall pick and the #2 overall pick.

Again, Nashville made this decision because they want to be taken seriously as a big(ger) market team… but they aren’t.  And matching that sheet for Weber makes it far less likely they ever will be.

Further, Philly is in the East.  Nashville is in the West.  Any time any team trades a good player they are allegedly making another team better, so trying to employ the ‘we don’t want to make another team better’ rational as some kind of logical reason to refrain from a trade is pretty silly to start with, and even sillier when one considers the difference in conferences.

Letting Weber go means they lose both of their best defensemen, which makes the team that much worse, and they have to wait for 3-5 years minimum to get any kind of return for him.

And keeping Weber while losing Suter means… what for them, exactly?

I understand why Poile did what he did.  Really, I do.  It would be incredibly embarrassing for the Predators, as a franchise, to lose their top 2 dmen in one offseason to other bigger-spending teams.

If Poile had the courage to make the better decisions, however, he could have traded away Suter and Weber earlier for an absolute boatload of assets rather than just staring at 4 #1’s of indeterminate value.

But like most NHL GMs nowadays, he’s just trying to save and/or retain his job, so he’s not going to do anything terribly outside the box.  He can play dumb and act like he never had a chance… that Weber and the Flyers painted him into a corner.  That Suter never wanted to play in Nashville.

Even if both were the case (and they weren’t), Poile could have set up the Preds for years by restocking his system with picks and prospects from moving both far earlier.  Instead he got the big ol’ squadoosh for Suter, and then got blasted by a wild offer sheet that is going to put the Preds 20 or 30 mil in the hole this year, at the very least.

And, oh yeah, the team got substantially worse anyway.

So before people start blowing up Poile’s skirts or handing him a hanky, he could have had 8-10 assets of significant value for Weber and Suter, but ended up with a 14 year 110 million dollar offer sheet that represents as much in salary to a single player than the Preds spent on their whole roster between 2000 and 2005.

Wee!

Posted by HockeyinHD on 07/24/12 at 08:59 PM ET

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And as a reminder, in the last 6 years Philly has had the #8 overall pick and the #2 overall pick.

As a reminder, the #8 overall pick (last year) they had was from Columbus. 
Their first round pick this year was 20th overall.
In 2011 their first round pick was 25th overall.
In 2010 it was 29th overall.
2009?  Their first round pick (which went to Anaheim, then Columbus) was 21st.

Another reminder: Shea Weber is one of the best defensemen in the league and he makes a pretty good team much better.

And keeping Weber while losing Suter means… what for them, exactly?

It means that they still have one of the best defensemen in the league.
It means they’re keeping a cornerstone of their franchise.
It means they aren’t throwing in the towel on the immediate future.

And, oh yeah, the team got substantially worse anyway.

Yeah, they lost one big piece, but they still have one of the best defensemen in the world, and they still have a playoff team.

but ended up with a 14 year 110 million dollar offer sheet that represents as much in salary to a single player than the Preds spent on their whole roster between 2000 and 2005.

So it marks them as a team willing to spend money?

What does 2000-2005 have to do with now?  From 2000 to 2005 they didn’t have one of the very best defensemen in the league.
From 2000-2005 they made the playoffs once.

If they don’t match the offer it’s catastrophic for the team, for the fanbase, for the PR.
If they don’t match it they’re about $9M under the cap and they need three defensemen, so what do they do?  Tell the fanbase they can’t afford Weber and then go out and overpay for some middling talent that adds up to what Weber was going to make?  Yeah, doesn’t that look great?

Right now they can sign Mike Commodore and Brett Lebda and have a better corps than if they let Weber go and signed the three best d-men left on the market.

Posted by Garth on 07/24/12 at 10:12 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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