"Game's over, losers. I have all the money."

UPDATE: Predators’ GM David Poile has released a statement regarding the whole situation -

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.

So, there you go. The Preds have every intention of matching the offer. That being said, I find the wording of this very interesting as it offers no actual commitment on matching the offer sheet, just saying that it was once their intention. Did that intention change once all the money was thrown at Weber? I guess we’ll just have to play the waiting game.

END UPDATE.

 

 

If you’re anything like me, you were awaken by a disturbance in the force around 1:30 this morning, as if a million Predators fans cried out in terror and were anything but silent. Because they have Twitter. I feared something ridiculous had happened.

Turned out, I was right. In case you missed it (where have you been!?), the Philadelphia Flyers signed Shea Weber to a 14-year, $110M offer sheet this morning. That is a lot of money. Also a lot of years. Now we know a little more and this is where it really gets fun. Come, bask in the insanity…

 

Ho-lee crap. There are front-loaded contracts, and then there’s Shea Weber’s offer sheet.

Obviously, if we look at this contract in real world terms, this is totally nuts. Thankfully, this is a hockey blog so we don’t have to. Shea Weber is arguably (or maybe even inarguably) the best defenseman in the NHL and, in sports terms, signing a player of his caliber to a $100M contract really isn’t all that crazy. If we remember all the way back to 2008, Alexander Ovechkin signed a deal with the Washington Capitals for 13 years and $124M. While the deal wasn’t as front-loaded as Weber’s, the money is far money consistent with Ovechkin making $9M in each of the first 6 seasons of the deal and $10M each year for the remainder.

Then there was Ilya Kovalchuk’s deal with the New Jersey Devils which was, I guess, mid-loaded, if anything. The deal saw Kovalchuk make $6M in his first two years and then $11M, $11.3M, $11.3M, $11.6M, $11.8M  and $10M in the subsequent years followed by the contract tapering off into single digits (single digits of millions, mind you) for the remainder of his time with the Devils.

Of course there were also the wild 13-year contracts signed by Zach Parise and Ryan Suter (see what I did there?) as well which were front-loaded for the first three years at $12M, $12M and $11M before evening out into 5 years of $9M yearly salaries.

I am suddenly a little less thrilled that I found a dime this morning.

So, yeah, a lot of NHL players make a lot of money. This isn’t a surprise. The point is that, when looking at these contracts, doesn’t the Weber offer sheet make a little more sense now? If these are the figures players of Ovechkin, Kovalchuk, Suter and Parise’s caliber receive, doesn’t it seem not all that unreasonable for Weber to get what he seemingly will? I say he’s absolutely worth the money if this is what the market dictates. Then again, I’m the guy who will pay $150 for a used copy of Chrono Trigger (note: I haven’t actually done this. I swear. Stop looking at me!). But, seriously, people are understandably impressed/freaking out/being noisy about this deal, I think it works and it makes sense. At least in the realm of sport contracts.

Then again, this is also a reality:

So, yeah. That’s a thing.

But don’t let the money he’s going to make get you down. Remember, Shea Weber may be making all the money in the world but there’s one thing he can’t buy. A dinosaur.

Comments (24)

  1. I know this is slightly off topic, but did anyone realise that the St. Louis Blues signed 8 players to offer sheets between July 16th, 1990 and July 28th, 1995?

    In 1990: Scott Stevens (accepted), Dave Christian (dropped)
    In 1991: Brendan Shanahan (accepted), Michel Goulet (matched)
    In 1992: none
    In 1993: Marty McSorley (matched)
    In 1994: Petr Nedved (accepted), Scott Stevens (matched)
    In 1995: Shayne Corson (accepted)

    Weird.

  2. I hate to say it but i hope there is a lockout.These long term massive money contracts have to go.Most canadians are feeling the financial crunch,and these jokers keep making more money.I’m so sick of seeing atheletes make millions when i have to wait months for a routine doctors appiontment.

    • Wah wah wah wah. Don’t watch hockey or go to the games or buy anything NHL licensed. Then there will be no money to pay them. I despise when people have this opinion.

      It is called capitalism. Read up on it.

      • Seriously. How infantile is that whining?
        Hey dude, if I can make 100 million off of your efforts, what’s a fair amount to kick your way? 1 or 2 mill? Just so the working class isn’t jealous?

    • Right, let the billionaire owners keep the money … those same Owners that, in many cases, grew up with all the money in the world … instead of passing some into the often modest families from which hockey players come…

    • Newsflash: Athlete salaries and medical wait time are unrelated. Weber could be paid $150 billion, or minimum wage this year and you would still be in the same spot.

    • I guess the Canadian Government is paying his salary?

      Arrrgh…..I am so Angry at this moronic drivel.

    • I have to agree, I could barely afford going to a game with my kid even if there was an NHL game near us in New Brunswick. I work hard for a living and these guys are getting paid a crazy amount of money to play the game they grew up to love. I have no love lose for the poor bastards that hold out for more money and don’t get. Rick Nash is a great example of someone who doesn’t even deserve to put on skates next with his demand list. I could care less if these money hungry guys played hockey again.I’ll take a UNB game any day over watching of these so-called stars taking the ice. One note….. Teemu Selanne …. I remember signing a long term contract when he was younger for less money but job security, then after being a star he didn’t hold out for more after admitting to saying he was thinking long term financial security when he signed for a long term contract. He remains one of the greatest common player to ever play the game……..I’ll always remember 76 goals in the rookie year !!!!

  3. Will this deal get approved by the league? I could be wrong but didn’t kovulchuk have a front loaded deal that the league didnt approve and it took them 3 attempts to get to where they are at now?

    • 2 attempts. And the whole issue was that he was meant to play as a 43 year old, for which there is no precedent. So the ruling kind of made it clear that to play until 41 is fine.

  4. Love the Chrono Trigget reference. Well worth the 150 if its complete with manual and maps.

  5. I’m not so sure about the dinosaur comment. With all that money, Weber could buy a whole team of Raptors. Not that I would advise that mind you. Raptors suck.

  6. What kind of compensation would the Preds get if they don’t match? I might be blind but I haven’t seen concise numbers yet. 2- 1st rounders and change maybe?

  7. Unless Weber can play net the Flyers still dont win the Cup

  8. dear nhl please fix this mess of teams being able to offer contracts that are way way way to long other wise teams like Nashville will die and so will hockey in most of the usa maybe not the worst thing to happen but don’t turn the league into the nba where there are 2 supper teams and a bunch of crap other wise im all for a Canadian league only. Garry the Wiesel betman should go suck a big d.ck

    • Yeah, there you go. Canadian league only sounds like a terrific plan. You definitely wouldn’t miss the Chicago, New York, Boston, Detroit, Philly, etc. markets at all. We’re in agreement that Bettman is an idiot at best; but come on, there has to be an easier way for you guys to win a cup.

  9. Chrono Trigger is only 800 wii points

  10. 110 millionn dollars Shea Weber really really what the fuck has he done in the NHL to justify this kinda contract lets see. In 7 seasons in the NHL he only played a full 82 games 1 season He has a grand total of 99 career goals never passed 25 He’s been to the playoffs 6 times never passed round 3 has 10 career playoff goals 10 he is a mediocer player on a better team Rick Nash is a mediocer player on a bad team that is the best player on the team he is over hyped but he will get a 150 million dollar contract

    • Do you not realize 99 career goals, as a defenseman, at his age, is pretty damn good? Compare his stats with some great defensemen of the past and I’m sure you will see he is that good of a defensemen. Look at what Karlsson got offered by the Sens, he’s a fantastic defensemen on both ends and is more than worth the money they are paying him for 7 years.

      • Al McInnis, who is a HOFer, only passed 25 goals in a season once. Do you seriously think goals are all that matters? As a defensemen goals are bonuses; it’s all about assists and how well they play in their own end.

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