The Nashville Predators on Tuesday afternoon announced they have matched an offer sheet defenseman Weber had signed with the Philadelphia Flyers, "insuring that the Predators' captain will remain with the franchise for the next 14 years."
The offer will pay the two-time Norris Trophy nominee $110-million over the next 14 years.
"The decision to enter into the largest contract in franchise history was made by all parts of the organization, including ownership, hockey operations and business operations," a statement on the Predators' website partially said.
Paul Holmgren, the general manager of the Flyers, sent out a statement of his own via twitter after the news broke about the Predators' captain.
"In tendering an offer sheet to Shea Weber, we were trying to add a top defenseman entering the prime of his career. With Nashville matching our offer, we wish Shea and the Predators all the best," Holmgren said.