Published: Sat, December 09, 2017
Industry | By Dora Warner

NHL Agrees to Consider Seattle Expansion Proposal

NHL Agrees to Consider Seattle Expansion Proposal

NHL commissioner Gary Bettman announced after a Board of Governors meeting in Palm Beach, Fla., that the league has received a request to file an expansion application from billionaire investment banker David Bonderman and Hollywood producer Jerry Bruckheimer.

The ability for the ceiling to rise by a minimum of $3 million is due to another increase in league revenues, which Bettman said is projected to hit around $4.85 billion this season, while hockey-related revenues are expected to reach $4.54 billion, an increase of 8.2 percent. "We do our homework, we evaluate it, we examine all of the aspects".

The NHL's price for Seattle's expansion bid: $650 million. "This is a process that we go through".

"From everything I know viscerally I think [Seattle] will be a good market", Commissioner Bettman added. I think the rivalry with Vancouver as a potential would be nice. "But we've got homework to do". Bettman said only Seattle is being considered at this time.

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

A Seattle team would be the league's 32nd franchise. The Nordiques left town for Colorado in 1995. "But I think there is a lot of pent up appetite in Seattle for this", Durkan said. Vegas was granted a team one year later.

"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".

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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. Seattle lost the NBA SuperSonics to Oklahoma City following the 2007-08 season. "We want to work together, so we're thinking about it". "Because we're not anticipating anybody moving right now". Yes, even the Arizona Coyotes.

"Tom Dundon is buying his interest in the Hurricanes to have the Hurricanes in Carolina", he said.

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

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