Originally posted on Fox Sports Tennessee  |  Last updated 7/19/12
Having lost one All-Star defenseman to free agency two weeks ago, the Nashville Predators are in danger of losing another within seven days unless they choose to match a reported 100 million offer sheet to restricted free agent defenseman Shea Weber, their captain. The Philadelphia Flyers confirmed the offer sheet through a press release issued at 8:01 a.m. "The Philadelphia Flyers have signed restricted free agent (D) Shea Weber to an offer sheet. There will be no further comment at this time,'' general manager Paul Holmgren said in a statement. Darren Dreger of Canadian sports broadcaster TSN reported overnight that the offer sheet a rarely used tactic in the NHL was of 14 years in length and worth more than 100 million. The Predators previously have said they will match any offer sheet if Weber agrees to one. If the Predators choose not to match after seven days, then Weber will become a Flyer and Nashville, as compensation under the leagues expiring collective bargaining agreement, will receive four first-round picks. If the Predators choose to match, Weber, who turns 27 in August, would remain a Predator. On July 4, the Preds lost Ryan Suter, Webers defense partner who was an unrestricted free agent, to the Minnesota Wild, as Suter signed a 13-year deal worth 98 million. Weber has been the runner-up for the last two seasons for the Norris Trophy, which is given to the NHLs top defenseman. Losing Weber for four first-round picks would cripple the franchise in the short term. The Predators have made the playoffs in seven of the last eight seasons one of the few NHL teams to do so and have advanced to the second round in each of the last two. Weber, Suter and goalie Pekka Rinne, signed to a seven-year, 49 million extension in 2011, were considered the cornerstones of the franchise and three players that management believed, if they remained together, would help the team compete for a Stanley Cup. Dreger tweeted that the contract is structured in such a way as to pay Weber massive up front dollars. Under the CBA, the maximum salary a player can earn is 20 percent of the salary cap, which is set at 70.2 million for 2012-13. That means Weber could earn up to 14 million per season in his first two seasons under the offer sheet and that much of those dollars could be paid in the form of a signing bonus. As a result, Dreger reported that the deal would pay Weber 26 million in a single calendar year: 14 million in salary and bonuses in the first year and then a second 12 million bonus on the first day possible at the start of the 2013-14 season. Weber played under a one-year, 7.5 million contract in 2011-12, which gave him the highest salary cap number of any defenseman in the league. That contract was arrived at through team-elected salary arbitration. With the salary cap set at 70.2 million, the minimum spending required by the leagues economic system is 54.2 million. According to the Web site CapGeek.com, the Preds must spend 13.3 million simply to reach the floor -- more than any other NHL team.
MORE FROM YARDBARKER

No harm will come from MLB extending its netting

Ezekiel Elliott’s attorney speculates on NFL’s motivation for legal battle

Philip Rivers on 0-2 start: ‘There’s no worry or concern’

NFL players wrote Roger Goodell seeking support for political activism

On the similarities between Kyrie Irving and Kobe Bryant

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Todd Frazier, Yankees embracing thumbs down symbol

Tickets for 49ers-Rams game at Levi's going for $14

Sixers still open to trading Jahlil Okafor

Aaron Rodgers has funny quote on never beating the Bengals

Raul Mondesi sentenced to prison for corruption as mayor in Dominican Republic

WATCH: Youth football coaches engage in ugly brawl

NFL Week 3 predictions

The 'MLB is as powerful as ever' quiz

After a decade in the WNBA, MVP Sylvia Fowles is ready for the spotlight

College football 2017 Week 4 predictions

10 teams that can unseat the Warriors in 2018

NFL Referee Hotline: Mike McCarthy is sick of these calls

The 'Kevin Durant has mad (Twitter) handles' quiz

Baseball's most underwhelming teams of 2017

The 'Remember the tight ends' quiz

Ranking the best college football fan bases

Getaway Day: Time runs short as postseason nears

Sports & Politics Intersect: White House sticks it to sports

NHL News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Yardbarker Privacy Policy and Terms of Service. You can opt out at any time. For more information, please see our Privacy Policy.

NFL Week 3 predictions

After a decade in the WNBA, MVP Sylvia Fowles is ready for the spotlight

The 'MLB is as powerful as ever' quiz

10 teams that can unseat the Warriors in 2018

College football 2017 Week 4 predictions

NFL Referee Hotline: Mike McCarthy is sick of these calls

Baseball's most underwhelming teams of 2017

The 'Kevin Durant has mad (Twitter) handles' quiz

Ranking the best college football fan bases

The 'Remember the tight ends' quiz

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker