NHL Invites Seattle To Apply For Expansion Team

Nichole Vega
December 9, 2017

On Friday, NHL commissioner Gary Bettman shared a salary cap projection during a board of governors meeting held in Manalapan, Florida.

The ownership group includes David Bonderman who is a private equity CEO and Jerry Bruckheimer who is a Hollywood producer. "We've agreed as a league to take and consider an expansion application and to let them run - at some point in the next few months - a season-ticket drive".

Bonderman and Bruckheimer are partnered with the Los Angeles-based Oak View Group, which finalized a deal earlier in the week with the City of Seattle for a $600 million renovation of KeyArena, which opened in 1962.

Bettman said the process of setting up a team in Seattle would be similar to what happened for Las Vegas, according to K5. The Vegas Golden Knights, who began play this season, paid a $500 million expansion fee.

Bettman went on to say that Seattle is the only city now being considered for expansion.

"If Seattle submits an expansion application and is approved by the board, then you have your other team in the West and you've solved your balance issue".

"I think we'll see the launch after the first of the year because it's not the time right now to be launching that kind of campaign".

"I don't think today's events have any impact on Quebec City", said deputy commissioner Bill Daly.

Durkan was asked for specifics on the benchmarks.

"It's an intriguing possibility, but we've got homework to do". "Obviously we have to get the arena in place". "I think we'll meet the benchmarks we need to meet and in the mean time we'll be negotiating the side agreements, doing the environmental work and moving forward so we can open when the National Hockey League wants to come". "We want to work together, so we're thinking about it". "I have every confidence that that partnership will go very smoothly".

Other reports by AllAboutTopnews

Discuss This Article

FOLLOW OUR NEWSPAPER