National Hockey League to consider Seattle expansion bid

09 December, 2017, 10:41 | Author: Franklin Nunez
  • Carolina Hurricanes could be sold as early as Thursday afternoon, owner says

Seattle should be getting an National Hockey League team.

"The league has never been healthier", Bettman said according to Sportsnet. "We do our homework, we evaluate it, we examine all of the aspects".

NHL commissioner Gary Bettman says the franchise fee for the 32nd club has been set at $650 million United States, up significantly from the $500 million U.S. the Vegas Golden Knights paid to join the league this season.

Before that process, the league opened an expansion-application process for any interested parties and received offers from groups for Las Vegas and Quebec City. "As I think everybody knows, the club has stopped the pursuit of a new arena because they think it's futile", he said. "I think on some level Eugene Melnyk is disappointed, based on how well the team performed a year ago", Bettman said.

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"It's an intriguing possibility, but we've got homework to do".

Dundon's involvement will likely renew speculation that the beleaguered franchise could be relocated to Houston, with the recently sold Toyota Center - home of the NBA's Houston Rockets - floated as a potential new home.

"It is a work in progress but we're very confident that we're going to get this to work", Commissioner Bettman said, "and the amount of data that it will provide in addition to creating opportunities for broadcasters to use it in real time is pretty exciting". "The board will ultimately make a decision". Here's one way to quantify it: When Vegas entered the league this season, its expansion fee was $500 million. The Nordiques left town for Colorado in 1995. "I don't think today's events have any impact on Quebec City", deputy commissioner Bill Daly said Thursday.

This time around, only Seattle is being considered.

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Commissioner Gary Bettman told reporters at the conclusion of the league's board of governors meeting Friday that the projected salary cap for 2018-19 will be somewhere between $78 million and $82 million, up from the current $75 million.

Earlier this week, the Seattle city council approved a $600 million renovation for KeyArena after the plans were submitted back in September. Seattle lost the NBA SuperSonics to Oklahoma City following the 2007-08 season.

The Seattle group includes Jerry Bruckheimer, a Hollywood producer, and David Bonderman, a private equity CEO. If Seattle enters the league (the goal is for the 2020-21 season) the league is projecting the worth of a franchise to be 30 percent higher. Dallas billionaire Tom Dundon has signed a purchase agreement to buy a majority stake in the Hurricanes from longtime owner Peter Karmanos, which is great if you're a 'Canes fan because it gives the team stability.

"If we don't have a franchise a year from now, they should take me and put me on top of that arena and while they start tearing that arena down, they should let me dive into the middle of the rubble because I haven't done my job", said Leiweke this week. "We want to work together, so we're thinking about it".

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