Just when I get out they pull me back in!
Homer has awoken from his quiet offseason slumber. And he’s carrying a large checkbook. The deal offered to Weber is that of financial genius. It is structured to make it (nearly) impossible for Nashville to match it, but yet the cap hit is a mere $7.9 million per season. How you may ask? Well the Homer and Snider financial team have the deal set-up as follows – First 4 years of the deal Weber receives $13 million each year for the signing bonus and $1 million each year for salary, the next 2 seasons he will get $8 million each year for the signing bonus and $4 million in salary, the next 4 seasons he will receive just $6 million in salary as the signing bonus payments end, the next season his salary reduces to $3 million and for final 3 seasons of the deal he will receive just $1 million in salary each year.
The signing bonus is the nail in the coffin for the Preds. I know their management stated that they would match ANY offer, but I don’t think they were expecting an offer of this magnitude. Given the prior relationship between the Flyers and Preds I don’t believe this was Homer pulling a fast one on Poile. There were long talks between the Flyers and Preds leading to this drastic action taken by Homer. I think before negotiations began the Flyers financial staff crunched the numbers on this offer sheet so Homer could go into the session with this in his back pocket and then when negotiations broke down Homer dropped the bomb.
I don’t think the Preds can financially do it, but I do believe they will be compensated for their troubles. Bill Meltzer suggested in an article today that the Flyers may try to pull a Chris Gratton type deal where the Preds decline to match the offer sheet, but then a trade is worked out where the Flyers send players to the Preds in exchange for some picks possibly even one or two of the 4 first rounders they will surrender by successfully signing a player away via offer sheet. Basically the end result will be the Flyers trading players like Voracek, Read, or possibly Schenn and a defensemen for 2 picks. I’m sure the Preds could spend the money, but the owners will have to dig deep in their pockets and for a franchise that doesn’t bring in the big money that the East does it’s asking a lot of the owners. Stay tuned absolute deadline for Nashville to match is Wednesday 11:30 pm.
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