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National Hockey League teams will be allowed to spend more next season

09 December, 2017, 05:19 | Author: Lydia Fleming
  • NHL to accept $650 million Seattle expansion application

A Seattle ownership group has been authorized to file an application for an NHL expansion team, NHL commissioner Gary Bettman said Thursday from Manalapan, Fla., where the league's board of governors are meeting.

Seattle's expansion fee has been set at US$650 million - which is $150 million more than the expansion fee Bill Foley paid for the Vegas Golden Knights, an expansion team that started playing this season.

Bettman said the Board of Governors has agreed to accept and consider the proposal, allowing the group to conduct a season ticket drive.

Besides spending $600 million to refurbish KeyArena, Leiweke's group also has pledged an additional $60 million to a separate city transportation fund and to various community charities.

"That doesn't mean we have granted an expansion team", Bettman said.

The NHL was specific in pointing out that Seattle is likely an expansion team, not a relocation like some had speculated.

Seattle plans to have a new arena ready by 2020 with the intent of luring National Hockey League and NBA teams as anchor tenants. "If I wanted to be positive, I'd say one of the things we kept harping on is we need another team in the (Western Conference) before we consider expanding in the East".

Durkan hopes to meet with potential owner David Bonderman soon. But that's not something we're focused on right now. "But we've got homework to do". "Obviously we have to get the arena in place".

"We like (the team) where it is", said Dundon, 46, who has to sign a standard consent agreement that bars him from moving the team for at least seven years. The part the city has to do is make sure we do our deal. We keep the arena on track. "I have every confidence that that partnership will go very smoothly".



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