Originally posted on Predneck Nation  |  Last updated 7/24/12

GLENDALE, AZ - JANUARY 21: Shea Weber #6 of the Nashville Predators skates with the puck during the NHL game against the Phoenix Coyotes at Jobing.com Arena on January 21, 2010 in Glendale, Arizona. The Coyotes defeated the Predators 4-2. (Photo by Christian Petersen/Getty Images)

Nashville, Tenn. (July 24, 2012) – In the most important hockey transaction in franchise history, Nashville Predators Chairman Tom Cigarran, President of Hockey Operations/General Manager David Poile and CEO Jeff Cogen announced today that the team has matched the 14-year, $110 million offer sheet between the Philadelphia Flyers and defenseman Shea Weber, insuring that the Predators’ captain will remain with the franchise for the next 14 years.

The decision to enter into the largest contract in franchise history was made by all parts of the organization, including ownership, hockey operations and business operations.

As the organization analyzed the overall situation and worked toward a conclusion, the decision boiled down to three questions:

Was Shea Weber the individual that this franchise wanted to lead our team, a team that would compete for the Stanley Cup every year, for the next 14 years?

Would matching the offer sheet be in the best long-term interest of the team and organization?

Would a decision not to match the offer sheet send a negative message to current Predators players and other NHL organizations, a message that the Predators would only go so far to protect its best players and be pushed around by teams with “deep pockets?”

The answer to each of the above questions is clearly “yes.” The organization spent the last several days analyzing all aspects of the offer sheet, from economic implications to the impact on the team hockey operations puts on the ice.

Most importantly was the reaction to whatever decision the organization reached and the impact it would have on our fans, sponsors and marketing partners. We wanted to insure that our decision reflected not just the feelings of these groups but also conveys a strong message to them that our actions would speak for us and demonstrate our commitment to them. It was absolutely essential that they understand and believe that we are doing everything possible to ice a Stanley Cup competing team each and every season.

With this decision behind us, we continue to focus on our mission:  Develop Bridgestone Arena into the number one sports and entertainment facility in North America with a Stanley Cup-winning Nashville Predators team as the centerpiece. With Shea Weber in the fold for the next 14 years, we are closer to this mission, and will continue to contend for the Stanley Cup on an annual basis.

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Report: Spurs, Cavs trade talks now include LaMarcus Aldridge

LaVar Ball says ‘Zeus and Jesus’ told him Lonzo would go to Lakers

Cavs are reportedly talking about a trade for Danny Green with Spurs

Report: Blazers pursuing lottery pick due to Damian Lillard’s desire for better supporting cast

Lonzo Ball wears Big Baller Brand bow tie to NBA Draft

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Markelle Fultz wearing shows made out of actual basketballs at NBA Draft

Kings reportedly showing major interest in Andre Drummond

WATCH: George Springer exits game after HBP

Chiefs part ways with GM John Dorsey

Oilers, Islanders swap Jordan Eberle for Ryan Strome

Report: Paul George, Spurs have strong mutual interest in trade

The 'NBA Draft going back to school?' quiz

2016-17 NBA Awards: The Gary Payton Award for best trash talk of the year

It’s quarterback contract silly season, starting with Derek Carr

Feeding your roundball addiction through the summer months

2017 NBA Mock Draft

Box Score 6/22: Emotion-filled Knight for Pens fans, Preds fans... and Knicks fans

The 10 best sports docs available for streaming

The 'Golden Knights will begin with a Fleury of activity' quiz

2016-17 NBA Awards: The Ricky Davis Award for most irrationally confident shooter

It's time for Satchel Paige Day in Major League Baseball

Which vets the Vegas Golden Knights should build around

Box Score 6/21: Summer of NBA trades heats up

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 Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

The 'NBA Draft going back to school?' quiz

2016-17 NBA Awards: The Gary Payton Award for best trash talk of the year

It’s quarterback contract silly season, starting with Derek Carr

The 'Golden Knights will begin with a Fleury of activity' quiz

The 10 best sports docs available for streaming

Feeding your roundball addiction through the summer months

2016-17 NBA Awards: The Ricky Davis Award for most irrationally confident shooter

It's time for Satchel Paige Day in MLB

Which vets the Vegas Golden Knights should build around

The Giants' failures for 2017 are complete, time to think of the future

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