Shea Weber CBA offer sheet compensation CHEAT SHEET

I’ve been reading some crazy stuff on the topic of Shea Weber’s offer sheet. I just wanted to jot down some quick thoughts before bed.

• Nashville has seven days to match the offer sheet signed by Weber.
• If they match, the offer sheet becomes a valid contract between Weber and Nashville.
• If they don’t, the offer sheet becomes a valid contract between Weber and Philadelphia.
• There is no renegotiation of the deal. The deal is the deal. The only question is, WHO is the deal with, Philly or Nashville.
• If Nashville lets Walker go Weber walk, they get, as compensation, four first round draft picks from Philly.
• The CBA says that these picks have to be the original picks of the team that tendered the offer sheet (i.e. they can’t use picks they’ve acquired in trade). If you don’t have the picks, you can’t make the offer.
• The Flyers would have the option of giving the Preds four of their next five 1st round picks. They get to pick a year in which they keep their pick.
• No matter what happens, Weber can’t be traded for one year after the deal is official.
• I read in several places that the compensation in draft picks is two 1sts, a 2nd and a 3rd. See my previous post on this topic.
• The bottom line there is, the CBA (Article 10.4) doesn’t use the cap hit of the deal to figure the compensation. You take the total amount of the deal and divide by the number of years of the deal, or you divide by five…whichever is smaller. Five is smaller. So you divide by five, not fourteen. That puts the $100MM deal way way way into the highest compensation category.
• I also read in a few places that whether Nashville matches or not depends on the way the deal is structured, Preds fans in particular worrying that if the deal has some kind of massive, unlimited front-end bonus situation, then maybe they wouldn’t be able to match it. Stop worrying. There’s a limit to how much they can frontload it. It’s this:
• No single season’s compensation (which includes bonuses) can exceed 20% of the “upper limit” (which is what the cap ceiling is called in the CBA) in the year in which the player signs.
• This year the ceiling is $70.2MM. That means Weber’s deal can’t pay him more than $14.05MM in any one year of his deal.
• And this includes bonuses.
• Presumably, the reason for the signing bonuses is that they can be paid in one lump sum, rather than carved up into the player’s paycheck. Also:
• Signing bonuses, people keep saying and I honestly don’t remember but let’s take their word for it, were still paid during the last lock-out.

I can’t think of anything else at the moment.

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Some posts the robot says are related, but I'll let you be the judge of that:

1. Preds match: thoughts
2. P.S. the league has till Monday or Tuesday to approve or reject Weber offer sheet
3. Weber Circumvention, pt. 2
4. Weber Offer Sheet: CIRCUMVENTION?
5. Why the Flyers Owe the Preds FOUR FIRST ROUND PICKS
6. Lombardi was never going to offer Parise anywhere near $7.54MM AAV
7. News Article Devils Must Demand Compensation if this Occurs – HFBoards

Tags: CBA, Entry Draft, salary cap, Shea Weber

This entry was posted on July 19, 2012 at 12:46 AM and is filed under Latest. You can follow any responses to this entry through the RSS 2.0 feed.