: Confirmed with Link:
Weber signed to offer sheet (TSN: 14 yrs, $110m, cap hit $7.8m per yr.) Part 2
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07-20-2012, 08:28 AM
We don't need one!
Join Date: May 2010
Originally Posted by
orange is better
I just don't understand how they can afford to match it though. Yes, they'll lose money and probably support by letting weber walk, but the fact is that the money they'd need to sign him simply doesn't exist. How the **** would they pull that off? And how could they even justify putting 1/4 of their payroll into a player that doesnt want to play there?
This made me feel a little better about our chances...it just seems too overwhelming from a business standpoint in real dollars for Nash to keep Weber. They are probably deciding upon a strategy to save face like Meltzer notes...however Holmgren should not feel any kind of remorse and offer up more than he has to...he is not the one operating from a position of weakness. Nash put themselves in this situation and they have very little leverage.
Let's put it this way: If the Predators ownership group gives David Poile the go-ahead to match the offer, they will be on the hook for $80 million to Weber over the next six years. Add that to Pekka Rinne's $42 million over the same span, and the small market franchise would have to commit $122 million dollars --- 70.9 percent of their original purchase price of a debt-riddled franchise -- simply to keep TWO players on the roster over six seasons.
By the way, because so much of Weber's offer sheet is paid out in the front-loaded signing bonuses, the total value of his $110 million deal is not likely to go down very much in a new CBA.
Yes, Weber is a Norris Trophy caliber defenseman. Yes, he's the team captain. But as a business -- not a hockey -- decision, it's virtually a no-brainer that the organization should decline to match the Philadelphia offer. If there's a way to keep Weber and Rinne, put enough talent around them to remain a playoff team AND avoid sinking the franchise financially the process, well, it will be something of a miracle.
Nashville currently must spent nearly $14 million just to reach the temporary cap floor for the 2012-13 season. But the Weber conundrum is one of REAL dollars, not salary cap hits. While it could be argued that the spending requirement to reach the floor gives the Predators incentive to match the Weber offer sheet in real dollars -- knocking out $7.9 million of required cap spending in the process -- the team has yet another problem.
Currently, the Predators have only 18 NHL roster players under contract for next season, including just four NHL-level defensemen. In addition, they have nine forwards and two defensemen who are a year away from becoming RFAs (including Patric Hornqvist and promising young Roman Josi) or UFAs (Mike Fisher and Kevin Kline among them).
While keeping Weber is still officially and understandably the top concern right now, what sort of established talent can be put around him and Rinne? The Predators would have to spend -- again, in real dollars -- like they are a big-market, big-budget team for years to come if they keep Weber. That may please ticket-buying fans, but would it please the investers who care first and foremost about maintaining the bottom line?
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