Seattle set to apply for National Hockey League expansion team

Alyssa Bailey
December 9, 2017

National Hockey League commissioner Gary Bettman made the announcement this morning as the board of governors wrapped up two days of meetings in Florida.

"The league has never been healthier", Bettman said in a ballroom at the Eau Palm Beach Resort & Spa. "We do our homework, we evaluate it, we examine all of the aspects".

The cost of the team would be $650 million, and it would begin play in the 2020-21 season. "This is a process that we go through". "From everything I know viscerally, I think it will be a good market". "I think the geographic rivalry with Vancouver as potential will be nice. But we've got homework to do".

This time around, only Seattle is being considered. "The board will ultimately make a decision".

Bettman went on to say that Seattle is the only city now being considered for expansion. The Nordiques left town for Colorado in 1995.

"But I think there's a lot of pent-up appetite here in Seattle for this, and so I think we can meet the benchmarks we need to meet". Vegas was granted a team one year later. Also, the league stands to gain double in expansion fees what it would get from any group offering to take in a relocated team. Seattle lost the NBA SuperSonics to Oklahoma City following the 2007-08 season.

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A strong upcycle in the cargo markets will also support the expected profit improvement next year, it added. The price of jet fuel is expected to increase 12.5 per cent from $65.6 in 2017 to $73.8 in 2018.

Bonderman and Bruckheimer are partnered with the Oak View Group (OVG), which this week finalized a deal with the City of Seattle for a $600 million renovation of KeyArena.

Seattle is the No. 14 media market in the United States and the only one in the top 25 without an National Basketball Association or NHL team.

"Pete and I built a relationship", Dundon said Thursday morning after meeting with the board's executive committee. We'll be working together closely. Bettman said that process should be completed in the next month. Yes, even the Arizona Coyotes.

The sale of the Carolina Hurricanes could be announced as early as this afternoon.

Karmanos said having a majority owner committed to Raleigh was important.

Other reports by GlobalViralNews

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