Economy

National Hockey League gives Seattle green light to apply for franchise

National Hockey League gives Seattle green light to apply for franchise

"The league has never been healthier", Bettman said according to Sportsnet. Bettman said that process should be completed in the next month. And it doesn't sound promising for the immediate future.

At a news conference in Florida, NHL Commissioner Gary Bettman said the David Bonderman group in Seattle has been granted permission to file an application for expansion and run a season-ticket drive, similar to what occurred with the Vegas process. "I think we'll meet the benchmarks we need to meet and in the mean time we'll be negotiating the side agreements, doing the environmental work and moving forward so we can open when the National Hockey League wants to come".

"Obviously, there a lot of differences between Seattle and Quebec City, not the least of which is our conference alignment", Bettman said.

During this 100th anniversary year of the Seattle Metropolitans winning the Stanley Cup, the NHL announced an expansion process Thursday that likely will lead to the city gaining the league's 32nd franchise.

Bettman mentioned that relocation of one or more teams is still on the table and did not rule that out.

More news: Ukraine arrests anti-corruption activist Saakashvili

"From everything I know viscerally I think [Seattle] will be a good market", Commissioner Bettman added. "We're not in control of that timeline".

"Tom Dundon is buying his interest in the Hurricanes to have the Hurricanes in Carolina", he said. Instead, it seems that owner Eugene Melnyk is keeping the team - and campaigning for something else. I think the rivalry with Vancouver as a potential would be nice.

Depending on what the NHLPA negotiates the inflator to be, the projected salary cap for the 2018-19 season will increase somewhere between the $78 million and $82 million mark.

The NHL brought in a salary cap after the 2004-05 lockout, which stood at $39 million in its first season. Should the cap reach $80 million, it would be the largest jump since the cap swelled from $64.3 million in 2013-14 to $69 million in 2014-15. "The game has never been healthier".

Bettman said hockey-related revenue will be around $4.54 billion this season, an 8.2 percent increase.


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