Redefining "Smashville"

In 2007, Craig Leipold was part of the sale of the Nashville Predators for around $193 million.


Last night, the Philadelphia Flyers threw an offer sheet at Restricted Free Agent Shea Weber.


The rub? 


The offer sheet that Shea Weber, the Captain of the Nashville Predators signed would see roughly $80 million going out to a single player in the first six years of the contract. If the Predators match, the organization would need to shell out $28 million to a single player in under a calendar year.


If you happen to live in Nashville and work for an office furniture company, you may want to give the Predators front office a call. There is good money to be made because they will need to replace quite a bit of smashed equipment and furniture.


#poileSMASH


More after the jump...

In 2011, Forbes Magazine listed the value of the Nashville Predators organization at $163 million. Flyers GM Paul Holmgren put together an offer sheet that, in my opinion, the Predators organization cannot match. 17% of the organizations value would need to be paid to a single player within the next calendar year. 

Nick Kypreos outlines the offer sheet as follows:

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
Before anyone screams about this being a cap circumvention contract, the League paved the way to this exact structure in the Kovalchuk deal. New Jersey submitted their first contract, the league denied it, penalized the Devils for it, and then approved a contract similar.  The largest difference is the structure of the salary in the first four seasons. If I am not mistaken, the salary portion is the only part that is considered part of the escrow, while Signing Bonuses are not. That makes it an even bigger win for Holmgren and even more impossible for Nashville to match.

Does the joke about "Smashville" make even more sense now?

For his efforts last season, David Poile was nominated for the NHL General Manager of the Year award. That award went to Doug Armstrong of the St. Louis Blues.

Supposition: This will be the last time Poile is nominated for the award and it may very well be the last summer he is the General Manager of the Predators. This colossal example of organizational dysfunction hasn't been seen since the Doug Risebrough era in Minnesota.

It has been a horrible summer for the Nashville Predator fanbase, and I empathize with that as a Wild fan.
  1. Losing Suter for nothing hurts. (See also Gaborik.) 
  2. Losing fan favorite agitator Tootoo hurts. (See also Boogaard, RIP)
  3. Having a GM go "all in" over the course of the year and getting bounced from the play-offs hurts. (See also 2008 Minnesota Wild)
  4. Having the Captain sign the offer sheet? Yeah... I have no comparable. At least you get 4 first round picks out of it?
Not only is the front office of the Predators in Smashmode, I imagine that the fans are also in Smashmode... 


A small piece of advice from a fan of a team that has "been there, done that"? Direct it at your GM who started the entire storm by taking one of the premier defensemen in the league to arbitration and comparing him to the likes of Yandle and Byfuglien, instead of Chara and Lidstrom.




2 comments:

  1. That's why Shero is locking guys up (Crosby) or trading them a summer early (Staal). That's what good GMs do.

    ReplyDelete
  2. The amusing thing is that this year's Poile disaster was really put in train last summer. . . for which he got a nomination as GM of the year.

    ReplyDelete