National Hockey League to consider Seattle expansion application

A day after the city of Seattle signed an memorandum of understanding on a $660 million renovation of KeyArena, NHL Commissioner Gary Bettman announced the the league has authorized a Seattle ownership group to file an application expansion for a franchise to begin play in the 2020-21 season.

NHL commissioner Gary Bettman told reporters on Thursday that the league's board of governors have agreed to accept/consider an expansion application from Seattle and allow billionaire David Bonderman and his group of investors to conduct a season ticket drive.

Bettman said the franchise fee to move a time to Seattle is set at $650 million United States dollars.

The group submitting the application is led by film and TV producer Jerry Bruckheimer and investment banker David Bonderman. It is similar in vein to the season ticket drive organized by the Vegas Golden Knights owner Bill Foley. Bettman said only Seattle is being considered at this time.

The process with the National Hockey League possibly coming to Seattle will be similar to how the process transpired in Las Vegas with the Golden Knights. The Vegas Golden Knights were very fortunate to collect some quality players in the expansion draft.

"We saw the Canucks are really excited to come here and get beat". However, he went on to say "But that's not something we're focused on right now because we don't anticipate anybody moving right now".

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Yes, Seattle does have a Stanley Cup, won by the Pacific Coast Hockey Association's Seattle Metropolitans in 1917.

The Seattle expansion has a negative downside which makes one wonder if there's enough talent to form yet another team. Vegas has not only added hockey, but has an agreement in place with the Oakland Raiders to eventual move to Nevada for a second professional franchise.

Now, we just need a team name for the new Seattle team. "I think the geographic rivalry with Vancouver as potential will be nice". Saying that the team will not be moved "Period".

Oak View is a Los Angeles-based planning and development company that runs what it calls the Arena Alliance, which oversees streamlining between dozens of stadiums in North America, including Madison Square Garden and the Dallas American Airlines Centre.

"We're projecting from our standpoint that the final escrow when it's settled out and we disperse it will be a single-digit escrow from player salaries for last season", Commissioner Bettman said.

(Copyright © 2015. All Rights Reserved.)
 
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