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| Aw man, another team in New York?! |
many
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times in the past nine months.
Bettman: accept formal applications, go thru vetting process, determine whether there is interest in committing to expansion.
— Bob McKenzie (@TSNBobMcKenzie) June 24, 2015
Bettman said it doesn't mean they will expand but will listen hard to expressions of interest.
— Bob McKenzie (@TSNBobMcKenzie) June 24, 2015
Early July applications, one month more or less window to see what comes in. Exec committee will review the applicants.
— Bob McKenzie (@TSNBobMcKenzie) June 24, 2015
If there's expansion, Bettman said the fee will start with a 5. Therefore, $500M+ for a franchise if expansion proceeds.
— Bob McKenzie (@TSNBobMcKenzie) June 24, 2015
Daly said earliest possible date an expansion team could play is 2017-18 season.
— Bob McKenzie (@TSNBobMcKenzie) June 24, 2015
The application process runs July 6th through August 10th, so if you have $500 million just laying around, you could be an NHL team owner! Put the team in whatever city you want, it doesn't really matter! Butte, Montana? Sure! Of course, this gets the wheels turning for cities like Las Vegas, Seattle, and Quebec City to actually stop waiting around for the Coyotes to inevitably relocate, and have a nice team of their own minus the baggage. This, to a lesser extent, works as a PR move for the league, detracting people from the Coyotes circus and other franchises with struggling finances and attendance like the Panthers and Hurricanes. Do not get it confused, though. The health of all member organizations is certainly not a pre-requisite for expansion. MLB's Minnesota Twins and Florida Marlins knew that all too well shortly after new franchises in Tampa and Phoenix popped up. The stability of the league is not Gary Bettman's wish, or strength, as is well documented, so that's not what is at issue. Expansion is a money grab, and a way for Bettman and the NHL to offset or recoup the losses of the struggling franchises. It offers nothing in return from the NHL, except you get to put one of its teams in your city. And you might get to host the draft and an All-Star game eventually. WHEEEEE!








