Wake up! Right now! Paul Holmgren sends Shea Weber 14-year, $100 million offer sheet

May 7, 2012; Glendale, AZ, USA; Nashville Predators defenseman Shea Weber (6) in game five of the 2012 Western Conference semifinals at Jobing.com Arena. The Coyotes beat the Predators 2-1. Mandatory Credit: Matt Kartozian-US PRESSWIRE

It's 1:00 in the morning and I was about to fall asleep. You likely were too. That or you're already asleep and won't see this until a reasonable hour. In that case, well ... no, this isn't a drill. Paul Holmgren's burning the midnight oil, and he's reportedly offered Predators defenseman Shea Weber a massive 14-year, $100-million-plus offer sheet, which Weber has signed.

The report originated from TSN and was confirmed by CBC shortly thereafter. The report also states that the Flyers have waited past "several deadlines" as the Predators have attempted to trade Weber. Several teams were reportedly in on those trades, but as Dreger reports, "the Flyers grew tired of waiting."

That's sort of bad ass, isn't it? Homer has simply forced the hand of Preds general manager David Poile. He now has seven days to match the offer. If Nashville chooses not to match?

Well, then the Flyers would then have Weber, and they would have to give up draft picks.

Depending on the exact figures, the cap hit might be under $6,728,781 (which typically means a 1st, 2nd, and 3rd round pick) or between $6,728,781 and $8,410,976 (which typically means two 1sts, a 2nd, and a 3rd). However, this is misleading; the compensation for long deals is not based on cap hit, but on one-fifth of the total value of the contract. For a package of over $100 million, that means it would be treated as a $20 million/year offer, which is obviously in the top group and would cost the Flyers their first round pick in each of the next four years. Hopefully everyone involved realized this.

It's late at night and really tough to digest this in full, but the initial reaction is that: a) Shea Weber is an amazing defenseman and having him on the team fills any hole on defense and would make this club immediate Cup contenders in 2012-13, b) losing four firsts would hurt but the Flyers are already pretty damn young and ready for a long run with this group and c) holy shit, is it fun to be a fan of this team or what?

We'll have much more in the morning. Much, much more.

Eric T. contributed to this story.

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