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Report: Weber’s front-loaded offer sheet worth $110 million, packed with signing bonuses

Jul 19, 2012, 10:13 AM EDT

Shea Weber AP

According to Sportsnet’s Nick Kypreos, the financials are in on Philadelphia’s offer sheet to Nashville defenseman Shea Weber — and they are staggering.

Kypreos reports the per-season breakdowns of the 14-year deal work like this:

First four seasons (2012-16): $1 million in salary, $13 million in signing bonuses

Seasons five and six (2016-18): $4 million in salary, $8 million in signing bonuses

Seasons seven to 10 (2018-22): $6 million in salary

Season 11 (2022-23): $3 million in salary

Seasons 12 to 14: (2023-26): $1 million in salary

Phew.

Okay, what it means for you non-mathletes out there…

– It’s a $7.9 million annual cap hit.

– The deal will play $68 million in total signing bonuses.

– In the first six years, the deal will pay $80 million.

– Weber will be the only current NHLer under contract until 2025-26. (Zach Parise, Ryan Suter and Ilya Kovalchuk are currently signed until 2024-25.)

As Kypreos notes, the structure of the deal might make matching difficult for Nashville. The prospect of shelling out $80 million over the next six years might be too much for the organization (which, it should be noted, was sold in 2007 for $193 million.)

We’ll have more throughout the day.

Related:

Report: Philadelphia, Shea Weber agree on a 14-year offer sheet

On the chances of Shea Weber getting an offer sheet

  1. sandeepsingh1 - Jul 19, 2012 at 10:18 AM

    Well looks like the Flyers weren’t playing around with the front loading on the contract. Weber would be in line to make 50 percent of the current value of the Nashville Predators.( The team is valued at 163 million dollars).

    • mrbizplan - Jul 19, 2012 at 11:27 AM

      Maybe the Preds can hire Billy Beane from the Oakland A’s and try playing a little moneypuck…

      What’s the hockey equivalent of Sabermetrics?

  2. broadstbully33 - Jul 19, 2012 at 10:19 AM

    and boom goes the dynamite

    • mattj2524 - Jul 19, 2012 at 10:25 AM

      I think Flyers fans wait on the edge of their seats for some sort of response from Nashville on this one…

      The longer the Preds wait to either match or bow out is just more time for the fans in Nashville to stir; one would hope Poile wouldn’t do that to a fan base who already saw Suter more on this offseason.

      From a Pred’s fan’s standpoint, it seems the farm system is loaded with blue line potential…but losing to top 3 (really top 2 now that Pronger is more than likely hanging them up) defenseman would be a crushing blow in the short term.

    • crosberries - Jul 19, 2012 at 11:56 AM

      isn’t this supposed to be pretty taboo to do? I thought gm’s had pretty much called a truce between doing this kind of stuff?

  3. sjsharksfan11 - Jul 19, 2012 at 10:22 AM

    Absolutely incredible what athletes are paid. Now I do t wanna sound like a hypocrite cause I love sports, but shouldn’t people who do something for society like police, firefighters, EMT’s, etc be paid like that? Society is backwards. And yes I know the sports industrial/entertainment complex dictates the salaries. Just food for thought

    • mattj2524 - Jul 19, 2012 at 10:28 AM

      I think there’s a political forum down the web a block or two for you to voice aggravation about the faults of capitalism.

      I think we’re talking about Shea Weber on this page.

    • lordfletcher - Jul 19, 2012 at 10:29 AM

      STFU!

      they get paid accordinly.

      if you don’t like it, stop watching games, going to games, buying merchandise, etc… Till the owners run out of money, they will spend it.

      My most hated comment from “sports fans”. It’s not your money, why in the F does it matter what someone else makes or does with it.

      Just because you make 32k a year doesn’t mean you need to piss on someone else’s parade

      • Doesnotmatter - Jul 19, 2012 at 12:26 PM

        STFU !!!!!!!!!!

    • bdawk20 - Jul 19, 2012 at 10:47 AM

      If police, firefighters, and EMT’s were paid like that, our tax bill would be ridiculous. Fewer people can play hockey professionally than can do any of the above jobs. You get a cut of the revenue you produce, that is life. Police, Firefighters, and EMT’s do not produce any revenue. They save lives, which is amazing, but it’s the way the world works.

      • hystoracle - Jul 19, 2012 at 2:34 PM

        It could be argued that Police generate revenue through the fines their Citations generate. I agree with your conclusion though, (paraphrasing) It is what it is.

    • drewsylvania - Jul 19, 2012 at 11:11 AM

      The pay is pretty ridiculous, yes, but it’s tempered by the fact that even the worst player in the league is one of the top 600 people in the world in his profession.

      I do think that, if you’re recognized as one of the better firefighters/EMTs/diplomats/etc in the world, it makes sense to be paid more than, say, sports players.

      Imagine if great firefighters were coveted like sports players, and had contracts, and had fire departments vying for their services. Their salaries would shoot up real quick.

      • lordfletcher - Jul 19, 2012 at 11:33 AM

        everyone chooses their career path, if you don’t like it, go back to college or work the streets, whatever floats your boat

        No one should complain about their life in North America. You are given almost every advantage in this world (pending any unfortunate circumstances in one’s childhood) to better yourself. If you are a teacher, police officer, public worker of any kind, you chose your career and knew what the pay rate would be.

        Athlete’s and entertainers (actors / musicians / etc.) get paid based upon demand.

        I don not get the argumen… it is funny seeing the thumbs up and down on my previous post. Just like current politics, 50/50. Who knew PHT could lead to a social experiment.

      • drewsylvania - Jul 19, 2012 at 12:14 PM

        LF, your notion that nobody should complain is pure baloney. I’m looking out for the less-fortunate here, who have trouble putting food on the table for their families. Yes, you can choose a different path, but it takes TIME for that new path to work out. Let’s say you’re a teacher. Your pay, back when you got the job, was good enough for you. Then the recession hit. Or you got married, then your spouse got laid off. Or *you* got laid off.

        Your options are: keep looking for a newly-low-paying teaching gig, or start a new career. Whichever option you choose (especially the latter) will likely take a while to start paying off. And the former will only help stave off your money problems, not fix them.

        And yes, athletes and entertainers get paid based on demand. Which is exactly what I alluded to in the rest of my post. If public service workers were in demand, especially good ones, they’d be getting paid a LOT more.

        (They’d also be getting paid a lot more if they were in demand by competing billion-dollar corporations, and in a very public)

      • drewsylvania - Jul 19, 2012 at 12:36 PM

        Whereas my downthumbs indicate either anti-poster or anti-knowledge sentiment.

    • drewsylvania - Jul 19, 2012 at 11:22 AM

      Also, this sort of thing DOES deserve to be discussed in places where people support obscene pay for players but not for exemplary public service workers.

    • hockeyflow33 - Jul 19, 2012 at 11:22 AM

      the fact that you throw out such a simple cliche is not food for thought. any thinking person understands how the pay structure works.

  4. scionofflame - Jul 19, 2012 at 10:22 AM

    Preds can still match it. They’ve got the space and the capital for it.

  5. hystoracle - Jul 19, 2012 at 10:22 AM

    A big market team sticking it to a small market team in an offer sheet isn’t a good omen with CBA negotiations taking place. Teams with deep pockets can put the squeeze on smaller teams and take their only marketable talent. Rich get richer. Basically a $68 mil signing bonus that is deferred.. That is crazy stupid! Wonder what the ripple down affect will be on future contracts. Again crazy move even crazier given CBA negotiations are underway.

    • mattj2524 - Jul 19, 2012 at 10:31 AM

      It seems like the league puts themselves in these positions when they negotiate CBAs. When you leave loopholes open instead of crossing all the Ts, teams will take advantage of them. However, an 8th seed and small market (realting to hockey) team won the cup this year – so paridy remains alive and well in the NHL.

      • eastcoastcynic - Jul 19, 2012 at 3:03 PM

        The LA Kings are small market?????? They’ve got a bigger market than Philly and a huge arena with multitudes of luxury boxes. The Kings have the capacity to pull a similar deal if it worked for their budget.

    • hockeyflow33 - Jul 19, 2012 at 11:25 AM

      the Preds were free to lock him up years ago and failed to do so.

  6. lordfletcher - Jul 19, 2012 at 10:26 AM

    I called it! said yesterday that most likely any team that would be doing this would be Philly!

    BOOM!

    I have my popcorn ready, this has been a great summer for hockey news :)

  7. anarchist9027 - Jul 19, 2012 at 10:27 AM

    As much as I hate the scumbag Flyers, I have to congratulate Shea Weber for going to a winning team. Good Luck and stay healthy

  8. andyb02 - Jul 19, 2012 at 10:27 AM

    After Weber retires, he can just buy the Predators with all that money he’ll make.

  9. kopy - Jul 19, 2012 at 10:27 AM

    Good luck to Philly and Nashville fans. You both want him now, but I look forward to seeing this settled so I can hear the fans that don’t have him talk about how he isn’t worth that money.

  10. broadstbully33 - Jul 19, 2012 at 10:31 AM

    Why does everyone frown upon offer sheets? I get the whole small market argument, but its not phillys fault they have a better fanbase or detroit or Montreal..ever since brian burke cried liked a girl over it doesn’t make it wrong. Should teams not go after the best D man in the game? Shoot i would have offered sheeted Stamkos last year given the chance. As gm your hob is to improve every year and its no surpise that philly needs a top flight dman. Homer offered several trades and waited for several deadlines to com and go. Now if next year he was a ufa and ny or pity signed him it would have hurt the flyers. I would rather see him in philly or stuck in nashville. GOOD MOVE ALL AROUND FOR PHILLY. VERY STRATEGIC AND SMART

  11. purpleguy - Jul 19, 2012 at 10:38 AM

    So, given this news: (1) If the Preds GM considered Suter disloyal and was publicly aggrivated, what’s he going do now with Weber? (2) So are the same Flyer and Preds fans that trashed the numbers/years/contracts of Parise and Suter now going to squawk after their team does the exact same thing?

    • kopy - Jul 19, 2012 at 10:42 AM

      If the Preds keep Suter, does he keep wearing the C?

      • kopy - Jul 19, 2012 at 10:43 AM

        You all know I meant to say Weber…

  12. bucrightoff - Jul 19, 2012 at 10:42 AM

    Nashville will drag this out the entire week, giving Flyers fans all the hope and Preds fans all the gloom, only to match the offer sheet, thus lifting their fans spirits and crushing those of Philly fans.

    • hockeyflow33 - Jul 19, 2012 at 11:27 AM

      well if you’re deciding whether to shell out $80m over the next 6 years I’m not sure if that should be considered dragging your feet

  13. laleafs - Jul 19, 2012 at 10:45 AM

    Not sure how a team that drafts so darn well can at the same time be so good at massively overpaying for people. Its like Flyers management is bi-polar.

  14. habsman - Jul 19, 2012 at 10:47 AM

    Wow, David Poile has been having a rough couple of weeks. Suter to the Wild for nothing in return, and now Webber possibly gone for four low first round picks.

    He still has the option to match the offer sheet and trade him……or keep him. But how many teams would be willing to take on that contract in a trade?

    I can see now why the league wants a five year max contract in the new CBA. It might limit this type of predatory movement.

    • mattj2524 - Jul 19, 2012 at 12:02 PM

      Ummm…I know of one…in the southeastern PA region.

      In fact, as soon as Homer’s offer sheet was signed I’m not sure why Poile didn’t match and start making demands. While I’m sure he wouldn’t give up all the young talent, Holmgren has made it apparent that he wants Weber badly, and also, that he’s willing to pay top dollar. As long as Poile feels like he can get better value than 4 1st rounds in the neighborhood of picks # 22-28 from Philly, why not force Paul to part with some talent? It’s not like the Preds don’t have the cap space to ask for Coburn or Hartnell back in return…or even Matt Read or Wayne Simmonds. Fact is, Poile could make this work to his advantage even if he can’t keep Weber @ the 14 year, 100+ million mark…

    • jelliot1978 - Jul 19, 2012 at 1:06 PM

      Per the CBA the Preds cannot trade him this year. Only thing they can do, and this is what happened with the Flyers and Gratton in 97, is make the Flyers trade them for their picks back (basically saying we won’t match if you do this). It would go down as the Flyers signing Weber with the Preds getting 4 1s. Then the Preds can trade any or all of those picks back to Philly for players xyz (Coultier, Schenn(s) or basically anyone not named Giroux or with a NTC).

      If Nash does not match I would expect the Flyers to send them either Brayden Schenn or Coultier, then either Couburn or Mez and possibly Matt Read as well with Nash keeping 1 or 2 of the 1s.

      • habsman - Jul 19, 2012 at 2:35 PM

        Tks jelliot, got it.

  15. sippindasyzurp - Jul 19, 2012 at 10:52 AM

    So the owners propose in the new CBA maximum 5 year contracts, and then one of them goes out and fires a 14 year contract offer sheet in front of a player during the middle of negotiations.. I am sure the rest of the league owners feel really good about that…

    • somekat - Jul 19, 2012 at 11:42 AM

      Just because the ownership group wants something, does not mean every team in the league (in this case, the Flyers), agree. Just because they ask for something in negotiations, doesn’t mean every team agrees. I’m sure teams like Tor, NYR, Philly, Detroit, Montreal, Boston, etc would love to get rid of the cap all together, and just go back to the days of spending wars (which they win, because they have the larger markets/fanbases). Or at least to a much higher cap where they can use it to their advantage.

      Just beause it’s rare to see owners step out of line in the Media (a few nfl/nba loose cannons is all I can think of), doesn’t mean they are all in agreement on what they should ask for/demand. It just means they actually know what they are doing, so you won’t see them coming out against the “company line” as much as players, therefor hurting their negotiating position.

  16. DED - Jul 19, 2012 at 10:52 AM

    A fitting replacement for Pronger. Smart move by Philly.

  17. maria716 - Jul 19, 2012 at 10:56 AM

    How is it possible to say that his salary will be a mere $1mil, but the “signing bonus” is $13mil for the first 5 years? Why structure it that way? What is the advantage?

    I find it absolutely obscene that owners will, more than happily, offer these contracts right now and yet in the CBA negotiations they (in their first lowball offer) state they want to limit contracts to 5 years, no signon bonuses and that the salary needs to be level from year to year. I know that won’t be what is ultimately agreed on, but it just disgusts me that they are saying one thing, but doing the exact opposite. If they were really opposed to these contracts they wouldn’t offer them.

    If the season is delayed (or worse a lockout occurs) I don’t know what I will do. How could I possibly keep watching a sport where so many people (owners, management, players) make more in one year than I will in 30 years? They better get their priorities straight. I just can’t see how I could keep shelling out the money I spend on hockey if fans are going to be treated with such contempt.

    • hockeyflow33 - Jul 19, 2012 at 11:29 AM

      Then don’t watch the games.

    • drewsylvania - Jul 19, 2012 at 12:17 PM

      Agree with hockeyflow. Turn the TV off, do something else with the extra time.

  18. michiganhockey11 - Jul 19, 2012 at 11:19 AM

    So what happens IF and it’s a large IF, Pronger returns?

    My reaction to seeing this article was, “Holy God that’s a lot of jack”

    • somekat - Jul 19, 2012 at 11:45 AM

      If they are putting this type of money out, it’s a clear signal that Pronger is done. I don’t think they can come out and say it, and still save the money cap wise by putting him on LTIR every year if he officially retires though.

      Much like Lappy before him. He’s technically been on the roster since the cup run, but hasn’t played a game, and was never really expected too. But didn’t officially retire until his contract ran out.

      • hystoracle - Jul 19, 2012 at 2:42 PM

        OR use the Amnesty clause that is likely to come out of the new CBA on Pronger to rid themselves of that altogether.

  19. broadstbully33 - Jul 19, 2012 at 11:22 AM

    whats the difference between nhl players who are alll around better athletes getting big money and its not problem when nfl mlb and nba get that money ok u could make a great argument abou the nba but nfl and nba get that money and wayyyyy more

  20. dannythebisforbeast - Jul 19, 2012 at 12:02 PM

    Fireman and police can definitely make 7 million a year. Just plan on your taxes going from 3000 year to about 250,000 year.

    • mattj2524 - Jul 19, 2012 at 12:08 PM

      Your taxes are $3,000 a year???

      Can I be your neighbor?

  21. suckitny - Jul 19, 2012 at 12:03 PM

    As a flyers fan I hope this goes thorough as we need a Weber type d man…

    • lostpuppysyndrome - Jul 19, 2012 at 4:33 PM

      lol you and about, oh, 29 other teams. winky face.

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