The Nashville Predators had until 11:59 p.m. on Wednesday to decide if they were going to match the monster offer sheet the Philadelphia Flyers tendered to restricted free agent Shea Weber. The club didn’t need the full allotment of time, announcing today that they had matched the 14-year offer, worth a reported $110 million.
While almost all NHL fans will rejoice—some because they love the Predators; many more because they love to see the Flyers fail—only the fans that hate the Flyers will be celebrating for long. For the Predators and their fans, this was the wrong move.
From an on-ice product standpoint, the Predators did what they needed to do. They kept their captain and appeased the fanbase. However, from a financial standpoint, they may have been better off giving away free season tickets.
Why this decision was a mistake boils down to pure economics, and this deal makes no sense whatsoever for the Predators. If the deal were a straight 14 years for $110 million, then it would have been a slam-dunk for the Predators to match it. Shelling out almost $8 million a year for 14 years would be somewhat painful, but it woul ...
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Article written by Trent Reinsmith
Predators Match Flyers’ Offer for Shea Weber: Why It Was the Wrong Move
July 24th, 2012 by Trent Reinsmith Leave a reply »
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