I didn't read every page since the OS was signed, so SIAP....
but this contract is beyond anything the NHL has ever seen. We've seen huge front-loaded contracts before but nothing like this. It was designed for the Preds to not be able to match it. I believe it's over 60% in "signing bonuses". The cap hit is nothing. (7.8 mil)
We would owe him $56 mil in cash the first 4 years of the contract, and $26 mil in the first calendar year. ($13 mil when he signs, $1 mil salary for the season, and another $13 mil next July).
This is not only something that the Preds can't afford to do without a loan, I've read speculation that probably 27-28 of the teams in the NHL couldn't afford to do without taking out a loan.
So it's not as easy as just "match it". The Preds don't have $26 mil in the bank just lying around to give to Shea.
My thought is that they are trying to figure a way to match, but if it's not financially possible they will likely come up with a "gentleman's agreement" to trade back some of the 1sts they would get from Philly (for not matching) for roster players. Vorachek, Mazeros + are rumored.
Deadline is tomorrow night at midnight.