The next domino in the attempt to bring the National Hockey League to Seattle has fallen.
The NHL Board of Governors has agreed to accept an expansion application from Seattle, NHL Commissioner Gary Bettman announced Thursday. The expansion team in Seattle will cost $650 million, while Vegas was $500 million.
The announcement comes the same week the City Council approved and Mayor Jenny Durkan signed a $600 million agreement with the Los Angeles-based Oak View Group to renovate KeyArena.
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. It would be the first National Hockey League team in Washington.
What Bettman is asking of Seattle isn't all that different of the Vegas Golden Knights, who are now in their inaugural season and are in second place in the Pacific Division. The Vegas Golden Knights began play this season.
United States trade group finds Canadian softwood hurts American market
The Canadian government has denied taking actions to prop up the industry to the detriment of the US industry. It has long argued Canadian lumber should be subject to a tariff to offset the subsidy.
The NHL Board of Governors gathered today in Florida for their final meetings of the League's Centennial year.
In other National Hockey League franchise news on Thursday, Dallas-based entrepreneur Tom Dundon has signed an agreement to purchase a majority stake in the Carolina Hurricanes.
Durkan recently signed an agreement with a developer to renovate KeyArena so the venue could be ready for an National Basketball Association or NHL team. The Hurricanes would remain in Raleigh, N.C.
Peter Karmanos Jr. would continue to hold an equity stake in the team. He had purchased the then-Hartford Whalers in 1994 and moved them to North Carolina in 1997.
As The Seattle Times reported on Tuesday, Seattle was once home to the Stanley Cup-winning Metropolitans.