Flyers sign Weber to offer sheet: 14y/$110m ($56m 1st 4yrs)

[FlashyG 1,799]

If Nashville matches, they can't trade him for one year, per the CBA.

And on top of that, if they match, they owe him 27 million in the first 366 days of the contract. If they traded him that would be an expensive year of Weber.

I think if they match he's a Pred for the rest of his career.

Edited July 21, 2012 by FlashyG

[cusimano_brothers 1,655]

I thought Wilson was too busy with his television career?

[BostonBruinsDan1924 53]

My question is does a 5% owner want to be the financier to the biggest contract in franchise history without a more significant stake in the team.

[BostonBruinsDan1924 53]

After thinking about things after my last post I think there's more than meets the eye going on... just think what the possibilities are if he finances the Preds to a Stanley Cup. That 5% just got more valuable... plus, I think he may be waiting in the wings to buy the Preds outright if the current ownership collapses.

[Buppy 1,720]

Just fond this...Wilson is a well-known Canadian businessman and philanthropist based in Calgary, AB. He is currently Chairman of Canoe Financial, an investment management firm with over $2.0 Billion in assets. Nashville might have the money to keep Weber. I wonder why nobody is talking about this??!! This is HUGE!!!

https://twitter.com/...866348058947584

You know that's from last November, right?

He has since increased his share to 12% (according to Wikipedia at least).

They have always had the money to match, they had the money to keep both Weber and Suter. Paying them is more about the business model than actual cash flow. At the trade deadline last season, talk was that the ownership group basically gave the green light to spend like a contender. I'll believe that when I see it, but since they currently have only around $37 million in salary commitments for next year I don't think $14 million next year for Weber was ever going to be a problem. Nor all the signing bonus stuff.

I think the only real considerations are "poison pill" clauses and whether they feel they'd be better off rebuilding rather than making such a long-term, expensive commitment.

[BostonBruinsDan1924 53]

You know that's from last November, right?

He has since increased his share to 12% (according to Wikipedia at least).

They have always had the money to match, they had the money to keep both Weber and Suter. Paying them is more about the business model than actual cash flow. At the trade deadline last season, talk was that the ownership group basically gave the green light to spend like a contender. I'll believe that when I see it, but since they currently have only around $37 million in salary commitments for next year I don't think $14 million next year for Weber was ever going to be a problem. Nor all the signing bonus stuff.

I think the only real considerations are "poison pill" clauses and whether they feel they'd be better off rebuilding rather than making such a long-term, expensive commitment.

The "poision pill" in this is that the CBA states that a player’s salary in any single season may not be more than 20% of the Upper Limit as set in the year in which the player signed his contract. $14MM in season one and another $13MM on 7/1/2013 goes against the CBA 20% uppper limit.

This is the sticking point in the deal. I understand that Nashville CAN match it, howerver with the cap ceiling be $70M x 20% = $14M. Maybe I'm missing something here...

[Buppy 1,720]

The "poision pill" in this is that the CBA states that a player’s salary in any single season may not be more than 20% of the Upper Limit as set in the year in which the player signed his contract. $14MM in season one and another $13MM on 7/1/2013 goes against the CBA 20% uppper limit.

This is the sticking point in the deal. I understand that Nashville CAN match it, howerver with the cap ceiling be $70M x 20% = $14M. Maybe I'm missing something here...

7/1/13 would be a different season, so it is compliant. All the up-front money is an issue, since it takes away cash they might spend on other improvements, in addition to the prospect of continuing to lose money for a few more years.

I think if the offer was coming from a team like Toronto or Buffalo, they'd let him walk and rebuild. But this offer I believe they'll match, then wait to see what the new CBA brings and what kind of revenue they get next season, and maybe trade him later.

[Guest Johnz96]

Hartnell, Giroux, Schenn, Simmonds, Couturier, Read(surprised to see that he will be a UFA) and Meszeros are all due for raises in the next 2 years and they will probably need to dump some salary to be under the cap this year

• 
  

[Seraph 240]

Wow you guys are bringing up some interesting points. The more I think about it, the more the Flyers GM seems diabolical. It would be a giant waste to sign the guy for a year or two and pay his massively front-loaded contract, then have him ask for a trade to a team that will pay him less but take the same cap hit.

I guess Nashville should match the offer if they feel the guy is truly committed to being a Predator. Doesn't sound like it if he has reservations to "rebuilding."

[cusimano_brothers 1,655]

To borrow some the vernacular used on A&E's Storage Wars, this seems to be equivalent to "dumping a unit".

[Guest Crymson]

Well, that's that, then. Holland was never given the opportunity by Weber to sign the latter to an offer sheet.

[evilmrt 636]

Well, that's that, then. Holland was never given the opportunity by Weber to sign the latter to an offer sheet.

Odd, I didn't know that under the current CBA, you had to ask for permission before you presented an offer sheet lol.

[BostonBruinsDan1924 53]

If Nashville wants to be a cap team, and spend the money to keep Weber plus get above the cap floor, then show the league you are serious and ink Weber to a deal matching or beating the Flyers offer sheet.

I heard after Weber pushed Z face first into the boards/glass that there were death threats made on Weber and that might be an unreported issue and a reason why Weber didn't sign with you guys.

[BostonBruinsDan1924 53]

You know what's really funny to all this front loading contracts is that it all started with Z's contract and Kenny Holland frontloading his. If my memory is correct the Blackhawks blew a gasket over Z's deal and bitched about it. Then Lou of the Devils does a front loaded deal with Kovie, rewords the fine print, gets Kovie a killer deal that is legal. Then Hossa gets a sweet deal witht he Blackhawks and Pronger gets a 5yr $35M contract...AND THEN...someone trying to investigate all this.

So in all reality your GM was the brains behind the 1st front loaded contract that has started all this. I'm not bitching, I just find it funny how it was started and were it's ended up today.

[Guest Crymson]

Odd, I didn't know that under the current CBA, you had to ask for permission before you presented an offer sheet lol.

Presenting Weber with an offer sheet would have been pointless had Weber already said that he wouldn't sign it.

[predmonkee 47]

Wow you guys are bringing up some interesting points. The more I think about it, the more the Flyers GM seems diabolical. It would be a giant waste to sign the guy for a year or two and pay his massively front-loaded contract, then have him ask for a trade to a team that will pay him less but take the same cap hit.

I guess Nashville should match the offer if they feel the guy is truly committed to being a Predator. Doesn't sound like it if he has reservations to "rebuilding."

If Nashville matches and weber is a pred, there is no "rebuilding". Suter is a loss for sure but losing him alone doesn't put the team in rebuilding mode. Remember the preds had the number 1 pp in the league, had more guys with double digit plus goals before radulov and AKostytsin joined the team. We told them to walk for good reason. Tootoo was a role player with limited ice time. Outside of suter, boullion may be the biggest loss, but even he was limited throughout the season due to injury. Young Guys like Bourque and Josi showed a great deal of promise and should be even better having a year under their belts.

Webers agent tossed the "rebuilding" word out there. If weber is back, then how exactly is this team rebuilding? You still have the top 3 lines in place, weber on the blue line, and rinne in net. A solid mix of veterans and young guys. And just a little background on his agent, the guy is a flake. He posted some of webers stats on his web page last year and it was full of errors, misspellings, etc... It was comical. After his comments last week, it wouldn't surprise me one bit if weber ripped him a new one. Of course, now that weber is gaurenteed that money, his agent knows he is getting his cut so he was free to pop off about whatever he wanted. He should have thought about his comments a little more carefully knowing Nashville can match and weber may end up as a pred long term.

[Dabura 12,206]

Odd, I didn't know that under the current CBA, you had to ask for permission before you presented an offer sheet lol.

LOST

Ken Holland's Balls

IF FOUND PLEASE CALL

[Salviaman 104]

3 more days.....

[BostonBruinsDan1924 53]

As a fan of 1 of the original 6 teams, and being a Bostonian, wasn't Nashville 11th in the league in scoring?

[Buppy 1,720]

You know what's really funny to all this front loading contracts is that it all started with Z's contract and Kenny Holland frontloading his. If my memory is correct the Blackhawks blew a gasket over Z's deal and bitched about it. Then Lou of the Devils does a front loaded deal with Kovie, rewords the fine print, gets Kovie a killer deal that is legal. Then Hossa gets a sweet deal witht he Blackhawks and Pronger gets a 5yr $35M contract...AND THEN...someone trying to investigate all this.

So in all reality your GM was the brains behind the 1st front loaded contract that has started all this. I'm not bitching, I just find it funny how it was started and were it's ended up today.

Lecavalier was the first, I think. July of 2008. Hank didn't sign his until January 2009. Mike Richards and Ovechkin both had long-term deals before that, though not front-loaded.

As a fan of 1 of the original 6 teams, and being a Bostonian, wasn't Nashville 11th in the league in scoring?

8th actually.

[haroldsnepsts 4,826]

As a fan of 1 of the original 6 teams, and being a Bostonian, wasn't Nashville 11th in the league in scoring?

Last season?

8th in Goals For. 1st in PP%.

[evilmrt 636]

Presenting Weber with an offer sheet would have been pointless had Weber already said that he wouldn't sign it.

Then how does this make sense?

Had Wings been presented with possibility of Weber wanting to come to DET, maybe offer sheet considered. Never came to that.

— Helene St. James (@HeleneStJames)

[arag 308]

Weber is not coming to Detroit. Who gives a s*** where he goes. Let the Preds fans worry about it. This years UFA/RFA situation sucks.

[Guest Crymson]

Then how does this make sense?

I'll quote my post for you again:

Presenting Weber with an offer sheet would have been pointless had Weber already said that he wouldn't sign it.

In other words, Weber wasn't interested in playing for the Wings, and thus Holland didn't bother giving an offer sheet that he knew would be refused.

[WingsAlways 486]

LOST

Ken Holland's Balls

IF FOUND PLEASE CALL

I recall this quote by some dude named Gretzky that went "You'll always miss 100% of the shots you don't take", Mr. Holland needs to take that advice...