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