Thursday, 14 December, 2017

National Hockey League agrees to accept expansion team application from Seattle

NHL to accept $650 million Seattle expansion application The arena agreement for Seattle is in place and the NHL said it will accept an expansion application from the city to create a new
Lucia Summers | 08 December, 2017, 05:39

The process will be similar to Las Vegas relocation.

NHL commissioner Gary Bettman says the franchise fee for the 32nd club has been set at $650 million USA, up significantly from the $500 million United States the Vegas Golden Knights paid to join the league this season.

The NHL has approved Seattle's request to submit an expansion application and will permit the city to begin a season-ticket drive, according to Emily Kaplan of ESPN.

"It does not mean that we are opening a new expansion process".

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Although Seattle has never had an NHL team, the Seattle Metropolitans, who played in the Pacific Coast Hockey Association from 1915-24, won the Stanley Cup in 1917, defeating the Montreal Canadiens 3-1 in a best-of-5 series, the NHL said.

Bill Foley paid a $500 million expansion fee for the Vegas Golden Knights.

KeyArena was home to the NBA's SuperSonics for 33 of the franchise's 41 years in Seattle before Clay Bennett's investment group bought the team from Starbucks CEO Howard Schultz in 2006 and moved the team to Oklahoma City in 2008. "Our plan is just to look at Seattle at this point".

During this expansion process. only Seattle will be considered, which would mean Quebec City will have to continue to wait for a potential franchise, as well as Houston, which has seen early-stage talks take place between the National Hockey League and Rockets owner Tilman Fertitta. Previous majority owner, Peter Karmanos Jr., will maintain an equity stake in the Raleigh-based team. He's also an investor in the Top Golf chain of golf and entertainment facilities and a key financier of a new golf course in Dallas.

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