Updated: 11:20 a.m.
The Nashville Predators are on the clock.
According to The Sports Network, late Wednesday night the Philadelphia Flyers signed defenseman Shea Weber to a 14-year offer sheet worth more than $100 million. The Predators have seven days to match the offer if they want to keep Weber. If they don’t match, the club could receive up to four first-round picks in compensation.
Weber has spent his entire career with the Predators, who took him in the second round of the 2003 draft. The captain is coming off consecutive All-Star selections and had 19 goals and 49 points last season. In seven years, the 26-year-old has 99 goals and 263 points.
He remained a restricted free agent when the two parties could not come to an agreement after his one-year, $7.5 million deal that was awarded through arbitration expired after the season.
Losing Weber could be a huge blow for the Predators after losing fellow defenseman Ryan Suter  to the Minnesota Wild two weeks ago.
The Predators general manager David Poile issued the following statement late Thursday morning:
"We are in receipt of the offer sheet signed between the Philadelphia Flyers and Shea Weber. Under the rules pertaining to an offer sheet, the Predators have one week to decide whether to match or accept the compensation. We have stated previously that, should a team enter into an offer sheet with Shea, our intention would be to match and retain Shea. Our ownership has provided us with the necessary resources to build a Stanley Cup-winning team. Due to the complexity of the offer sheet, we will take the appropriate time to review and evaluate it and all of its ramifications in order to make the best decision for the Predators in both the short and long-term.
“We do not anticipate any further comments on this situation until we make our decision within the next seven days.”