NHL: Shea Weber signs 14yr/110mil offer sheet from Flyers

• End of Line

  

  Darren Dreger ‏@DarrenDreger
  Breaking: Shea Weber agrees to offer sheet with Philadelphia. 14 years, upwards of $100 mil. Preds have 7 days to match. Wow!!
  
  This is fucking nuts/
• Midstate01

  

  I don't think you should be able to sign deals for that many years. It's stupid.
• Raw Dawgin' it

  

  he's not going to play 14 years for them and paying a d man 100mil is retarded. Few things come to mind though
  
  1 – Pronger is definitely not returning and Philly had to fill his shoes
  2 – They were thin on D last year after loss of Pronger and with injuries
  3 – Caps GM George McPhee commented that the free agency market was thin this year and prices were too high for the few quality guys that were out there
  4 – Based on what I have read about the CBA negotiations regarding length and total contract value, these types of deals will likely go away in the future so they decided to lock him up now
• thavoice

  The NHL is finding themselves getting into some dangerous long term contracts. A number of guys have gotten them recently. WHo was that team who tied up TWO guys for 10 yrs?
  
  SUre..if the guy is a superstar in 7 years his contract those seasons may look good compared to other elite players at that time but geesh...this just doesnt seem like good investments for teams.
• ptown_trojans_1

  

  And we wonder why the league may be locked out.
  These contracts are so stupid.
• Raw Dawgin' it

  

  thavoice;1228819 wrote:The NHL is finding themselves getting into some dangerous long term contracts. A number of guys have gotten them recently. WHo was that team who tied up TWO guys for 10 yrs?
  
  SUre..if the guy is a superstar in 7 years his contract those seasons may look good compared to other elite players at that time but geesh...this just doesnt seem like good investments for teams.

  Minnesota Wild - Suter and Parise, each 13yr 98mil. smh.
• gorocks99

  

  They better get it reigned in with the new CBA.
• Raw Dawgin' it

  

  gorocks99;1228914 wrote:They better get it reigned in with the new CBA.

  it's one of the issues on the table. Honestly, i think 7 should be the cap.
• gorocks99

  

  
• Raw Dawgin' it

  

  Interesting read from deadspin
  

  Let's take a moment to applaud Paul Holmgren and Shea Weber for an exquisite offer sheet, the details of which are a master class on big contracts in the dying days of the current CBA. With labor talks ongoing, the NHL's financial landscape is going to look a lot different by opening night—but Shea Weber is going to be a happy man in orange and black.

  • This deal is frontloaded, like all the other massive deals signed in recent years. Nick Kypreos has the details: $14 million a year for the first four years, $12 million each of the next two, $6 million in years seven through ten, then wee little payouts of $3M, $1M, $1M, and $1M. The point? Salary cap relief for the Flyers. The cap hit gets averaged out, so even in those lucrative first few years, it'll only cost Philly about $7.85 million against their cap. Even if he never plays the last few years of the deal.Yes, this pisses the NHL off to no end. They put their foot down on Ilya Kovalchuk's similar deal, but they probably can't touch this one—until frontloaded contracts are likely abolished in the new CBA. The Flyers got this one in under the wire.
    (Just like the big deals for Zach Parise and Ryan Suter, Weber's deal ends when he's 40. An NHL amendment, passed after the Kovalchuk mess, forbade long-term deals from running past a player's 41st birthday. Again, nice work, Homer.)
  • Any 14-year deal, never mind the player's age, might not be legal after the new CBA is in place. Owners are beating the drum hard for term limits on contracts, and one report has them aiming for a five-year maximum. There's a good chance no team will ever be able to lock up a superstar for their entire career on a single deal—but that won't be retroactive. Weber would be Philly's until 2026, something no team would be able to say if they traded for him this year then signed him as an unrestricted free agent next summer. And Weber might be the last 26 year old to be set for the rest of his hockey life.
  • What's in it for Weber? This is the truly brilliant part of Philly's offer, and also relates to something the owners are fighting hard for in the new CBA: salary rollbacks. The owners claim they're paying too much money (and yet sign players to $110 million contracts without blinking, but that's not the point.) They're pushing for leaguewide salary rollbacks starting next year, which would even affect existing contracts. How to protect Weber's $110 million from becoming something less than $110 million?Signing bonuses. Weber will actually only make $1M in salary each of his first four seasons. But he'll receive $52 million in signing bonuses over those four years, and $68 million over his first six. And signing bonuses cannot be touched by any proposed salary rollbacks. True, guaranteed money.
    The signing bonuses also mean Nashville has almost no chance of matching the offer. They could match, and try to trade Weber to get something for him. But as Kypreos points out, they'd have to keep him for a full year before attempting to move him, and pay him $27 million for just that one season.
  • Flyers fans should be sending their front office mash notes today. Preds fans? Well, if your team doesn't match, you'll get four first-round draft picks as compensation. Which, from a perennial playoff team like the Flyers, isn't much. Probably a lot of teams kicking themselves today about not having used offer sheets over the last six years.

• End of Line

  

  7-8 years should be the max length on a contract on the new CBA.
• Raw Dawgin' it

  

  The_Crosby_Show;1229170 wrote:7-8 years should be the max length on a contract on the new CBA.

  Totally agree. If i were Malkin I'd be pushing for 150mil deal. Crosby may be a tad more talented, but Malkin is healthier and it's basically splitting hairs comparing the two. 3 players who aren't even close to Crosby/Malkin level got 100mil dollar deals. If i were malkin i'd ask for 10 years 150 mil. Precedent has been set.
• thavoice

  I am not as up to date on NHL salaries as I am NFL/MLB...but how much are these things guarenteed?
• TedSheckler

  

  100% guaranteed. They get paid everything.
• End of Line

  

  Raw Dawgin' it;1229705 wrote:Totally agree. If i were Malkin I'd be pushing for 150mil deal. Crosby may be a tad more talented, but Malkin is healthier and it's basically splitting hairs comparing the two. 3 players who aren't even close to Crosby/Malkin level got 100mil dollar deals. If i were malkin i'd ask for 10 years 150 mil. Precedent has been set.

  Malkin has stated he won't make more than him, bc he doesn't want to.
• Raw Dawgin' it

  

  The_Crosby_Show;1229922 wrote:Malkin has stated he won't make more than him, bc he doesn't want to.

  Stupid - What's his contract situation? He definitely deserves more money than any player in the league.