News: Shea Weber likely retiring/LTIRetiring

[HyperX]

One very interesting wrinkle with the Weber situation is that Montreal doesn’t want Weber to stay on LTIR for the final 5 years of the contract.

It’s in the Habs best interests to have Weber retire in the summer of 2022 or 2023 when the teams cap Recapture Penalty is paid off. Offer him a front office job to retire and skip out on the final three $1m years in the summer of 2023.

Not unlike Luongo.

This is evil businessman genius

I picture a 2000s Lou Lamoriello smiling maniacally while smoking a cigar, laughing that hes yet again beat the system

 

[viceroy]

Weren't the reports that the league were pushing him towards retirement rather than LTIR? Like that because hes chosen to go for surgery, he has to bite the loss.

He'd just have to claim every year that he's planning on coming back and then after every evaluation sit out for the season.

 

[zar]

Didn’t see a thread on this. Welcome, future Arizona Coyote

Strange coincidence that Weber is "retiring" at the same time the NHL is cracking down on cross-checking.

 

[mouser]

Weren't the reports that the league were pushing him towards retirement rather than LTIR? Like that because hes chosen to go for surgery, he has to bite the loss.

That’s all media posturing and speculation. The NHL hasn’t pushed for anything yet.

At this point in time Montreal hasn’t filed LTIR paperwork with the accompanying medical evaluation for Weber—and the earliest they might do so is October.

The NHL doesn’t have anything to “push back against” at this time. Once Montreal submits their doctor evaluations that Weber is unfit to play in October the NHL will review them and decide whether or not to challenge by having Weber evaluated by independent doctors.

 

[Bringer of Jollity]

That’s all media posturing and speculation. The NHL hasn’t pushed for anything yet.

At this point in time Montreal hasn’t filed LTIR paperwork with the accompanying medical evaluation for Weber—and the earliest they might do so is October.

The NHL doesn’t have anything to “push back against” at this time. Once Montreal submits their doctor evaluations that Weber is unfit to play in October the NHL will review them and decide whether or not to challenge by having Weber evaluated by independent doctors.

Oh God, 3 months means a lot of shitty "Weber's contract for Forsberg/Ekholm/1st rounder/Tolvanen/Tomasino" proposals.

 

[Goal Caufield50]

My god, he has 5 years left on that deal. Jeeeeeeeeeeeez

The last three years are at $1m per season . I believe it is $6m and $3m in 20 23.

 

[HuGo Sham]

Oh God, 3 months means a lot of shitty "Weber's contract for Forsberg/Ekholm/1st rounder/Tolvanen/Tomasino" proposals.

Doesn’t matter to Habs. Preds are on the hook for what? 4,9 mill for 4/5 years?

 

[Goal Caufield50]

The NHL is looking into this heavily. If he's officially done, he won't be able to go on the LTIR for the remainder of his contract.

Absolutely he will go on LTIR

 

[Bringer of Jollity]

Doesn’t matter to Habs. Preds are on the hook for what? 4,9 mill for 4/5 years?

Depends on when he "retires" (IF he doesn't LTIRetire). If this year, around $5M per for 5 years. If next year, a little over $6M per for 4 years. Any year after that it would be 3 years at $7.875M and a year at a few hundred thousand.

 

[bleedblue94]

I don't know if it's been brought up but I wonder how the league handles recapture if he retires bc technically the preds did not sign Weber to the contract, the flyers did and the preds matched. It's not like at that point the preds could rewrite the payment schedule within the contract that the flyers offered him and that he signed. They either had to let him walk or match the agreement so they were bound by the flyers offer. I don't believe any other recapture contract was an offer sheet situation. Could be interesting if that affects how the league handles things with this situation.

 

[PredsHabs]

Senseless. Nashville matched.

Because we had to. Suter had just jumped ship. No choice.

 

[PredsHabs]

They weren’t forced to match. They could have walked away from it.

Oh please! Give me a break.

 

[Qwijibo]

I don't know if it's been brought up but I wonder how the league handles recapture if he retires bc technically the preds did not sign Weber to the contract, the flyers did and the preds matched. It's not like at that point the preds could rewrite the payment schedule within the contract that the flyers offered him and that he signed. They either had to let him walk or match the agreement so they were bound by the flyers offer. I don't believe any other recapture contract was an offer sheet situation. Could be interesting if that affects how the league handles things with this situation.

It’s been discussed ad nauseum. Philly structured the contact but Nashville chose to match it. Not only that, but they exacerbated the situation by trading him and essentially locking in the penalty at $24m. Philly did Nashville dirty with that poison pill offer. But Nashville could have walked away and taken the compensation

 

[BigBoyNoise87]

Oh please! Give me a break.

I mean he’s not wrong lol

 

[Bringer of Jollity]

Because we had to. Suter had just jumped ship. No choice.

Potentially a franchise crippling decision to not match. Technically, Poile did have a choice, but when looking at the big picture of the team having just managed to survive the Leipold firesale and Balsillie and to turn around and then lose both its franchise players in the same off-season, there was simply no other choice. Alternatively, they could have managed to re-sign him before it got to the offer sheet, but Poile was very traditional in his approach to contracts (with which there would have been no recapture fears) and Weber was determined to land one of those massive front-loaded contracts before they were phased out.

 

[bleedblue94]

It’s been discussed ad nauseum. Philly structured the contact but Nashville chose to match it. Not only that, but they exacerbated the situation by trading him and essentially locking in the penalty at $24m. Philly did Nashville dirty with that poison pill offer. But Nashville could have walked away and taken the compensation

Sorry, I should've known it's been talked about. Even in retrospect it would be hard to picture the preds letting him go at the time

 

[SnS]

Oh please! Give me a break.

So you also think for some batshit strange reason that Philly should be on the hook for the recapture?

 

[Bringer of Jollity]

So you also think for some batshit strange reason that Philly should be on the hook for the recapture?

No, that is definitely batshit. It is bullshit that a team is retroactively punished for a contract that was completely legal at the time it was signed, but that's another matter.

 

[Qwijibo]

Sorry, I should've known it's been talked about. Even in retrospect it would be hard to picture the preds letting him go at the time

No worries. It’s been discussed but there’s no agreement on the topic. Pred fans dont think the team should be penalized.

btw. Just as an aside. Had Nashville walked away they would have received Philly’s next (4) 1st round picks. So anyone saying they HAD to match is ignoring a pretty big fact that the compensation would have been huge

 

[CapSpace]

Strange coincidence that Weber is "retiring" at the same time the NHL is cracking down on cross-checking.

Maybe they can crack down on being 18M$ over the cap too now.

 

[DudeWhereIsMakar]

Long-term indefinite retirement.

 

[BigDaddyLurch]

Strange coincidence that Weber is "retiring" at the same time the NHL is cracking down on cross-checking.

...yup...wait a few years when they finally start cracking down on the McElbow...

 

[Bringer of Jollity]

No worries. It’s been discussed but there’s no agreement on the topic. Pred fans dont think the team should be penalized.

btw. Just as an aside. Had Nashville walked away they would have received Philly’s next (4) 1st round picks. So anyone saying they HAD to match is ignoring a pretty big fact that the compensation would have been huge

It ignores the context of the franchise at the time though. It COULD have worked out fantastically taking the 4 1sts. It also could have cemented Nashville as a perpetual feeder club and reignited relocation discussion due to their utter inability to retain any top tier players they managed to develop.

 

[Habsrule]

Weber going on the LTIR works out perfectly for everyone. First off Weber is still owed 12 million over the next 5 years. You have to be stupid to think that he retires and walks away from any of that free money. With Parise and Suter both being bought out it only left Weber and Crosby with those crazy length contracts still playing in the NHL. With his injuries now it is perfect to put him on the LTIR and no one can make up any excuses of him not being injured or taking an early retirement like a Hossa. It saves the NHL for having to deal with a recapture penalty to Nashville as well. It wraps everything up in a tidy little bow.

 

[Qwijibo]

It ignores the context of the franchise at the time though. It COULD have worked out fantastically taking the 4 1sts. It also could have cemented Nashville as a perpetual feeder club and reignited relocation discussion due to their utter inability to retain any top tier players they managed to develop.

I’m just saying. Nashville had options. They also had the option not to trade Weber for Subban. As soon as they traded him they gave up control of the contract and any possibility of the penalty reducing as Weber progressed through the lower salary years. It’s a tough situation but Nashville is partially responsible for it.