NHL Set to Expand

[Peter D.]

Gary Bettman is going to formally announce an expansion process.  Not the greatest kept secret.  Congratulations to Las Vegas in advance.

http://www.sportsnet.ca/hockey/nhl/nhl-to-announce-opening-of-expansion-process/

 

[LuncheonMeat]

Gary Bettman is going to formally announce an expansion process.  Not the greatest kept secret.  Congratulations to Las Vegas in advance.

http://www.sportsnet.ca/hockey/nhl/nhl-to-announce-opening-of-expansion-process/

And to Seattle!!  I hope... please?

 

[CarltonTheBear]

The expansion draft is basically the only reason to look forward to this.

 

[dappleganger]

When are they announcing the contraction process?

 

[Heroic Shrimp]

The expansion draft is basically the only reason to look forward to this.

Hmmm, who could we reasonably expect to discard...?  I hope and assume expansion teams get no break on the salary cap floor for any period of time.

 

[ZBBM]

The NHL. One of the worlds funniest jests.

 

[Zee]

Can the Leafs get out of bad contracts by making them available in the expansion draft?  Any rules around it?

 

[bustaheims]

Hmmm, who could we reasonably expect to discard...?  I hope and assume expansion teams get no break on the salary cap floor for any period of time.

We're looking at least 2 seasons down the line, likely more. Too early to really tell who might be on the discard pile.

 

[bustaheims]

Bettman's really trying to emphasize the point that there's the possibility of no expansion teams coming out of this process. I don't think anyone is buying it.

 

[hap_leaf]

So perhaps a $500 million entry fee.  Forbes has just 10 teams valued at more than $500 million for 2014.  The Jets for example are valued at $358 million.  It must be nice to have this kind of money to potentially lose.

 

[Guru Tugginmypuddah]

You would think Las Vegas and Quebec City. 

 

[Frank E]

Looks like Lemieux and co. are selling the Penguins...expected offers are between $700m - $850m.

http://www.bizjournals.com/pittsburgh/blog/financial-district/2015/07/bid-for-penguins-expected-by-next-week.html

It's a bit of a seller's market right now: rates are low, business is strong, and the league is looking at expansion. 

 

[WhatIfGodWasALeaf]

Looks like Lemieux and co. are selling the Penguins...expected offers are between $700m - $850m.

http://www.bizjournals.com/pittsburgh/blog/financial-district/2015/07/bid-for-penguins-expected-by-next-week.html

It's a bit of a seller's market right now: rates are low, business is strong, and the league is looking at expansion.

Mario is disgusted at having a floater like Kessel on the team and immediately put the team up for sale when he heard of the trade. #TorontoMediaPerspective

 

[Kin]

Well, who was the greater player may still be some sort of debate but Lemieux sure as heck out-owned Gretzky.

 

[Frank E]

So Quebecor submitted a bid for Quebec City, but Seattle is out?

EDIT:  I can't imagine that the NHL doesn't go (back) to Quebec City:  wealthy owners plus a fancy new rink that'll be ready in a couple of years.

 

[Leafaholic99]

So Quebecor submitted a bid for Quebec City, but Seattle is out?

EDIT:  I can't imagine that the NHL doesn't go (back) to Quebec City:  wealthy owners plus a fancy new rink that'll be ready in a couple of years.

Sooner than that, set to open up this September!

 

[CarltonTheBear]

Apparently only 2 teams have formally applied for expansion: Quebec City and Las Vegas. Nothing from Seattle or Toronto. Guessing Bettman isn't too thrilled about that.

 

[bustaheims]

Apparently only 2 teams have formally applied for expansion: Quebec City and Las Vegas. Nothing from Seattle or Toronto. Guessing Bettman isn't too thrilled about that.

Still a few weeks until the deadline (I believe it was set for August 10th), but I wonder, if there's only 2 submissions, does the league feel there's not enough interest to continue the process? You'd have to think they're looking at bringing in 2 teams, and I don't think they'd be too happy having only the 2 options - unless both show themselves to be excellent (and I mean excellent) options.

 

[Frank E]

Apparently only 2 teams have formally applied for expansion: Quebec City and Las Vegas. Nothing from Seattle or Toronto. Guessing Bettman isn't too thrilled about that.

Still a few weeks until the deadline (I believe it was set for August 10th), but I wonder, if there's only 2 submissions, does the league feel there's not enough interest to continue the process? You'd have to think they're looking at bringing in 2 teams, and I don't think they'd be too happy having only the 2 options - unless both show themselves to be excellent (and I mean excellent) options.

The Montreal-based media giant sent in its widely expected expansion bid to the National Hockey League before Monday's deadline.

http://www.tsn.ca/quebecor-confirms-nhl-expansion-bid-1.333619

 

[bustaheims]

The Montreal-based media giant sent in its widely expected expansion bid to the National Hockey League before Monday's deadline.

http://www.tsn.ca/quebecor-confirms-nhl-expansion-bid-1.333619

I swear I saw August 10th for it the other day. Must have been for something else. Oh well. That muddles the process even more. Only 2 bids by the deadline . . . the BoG isn't going to be too impressed by that. I certainly wouldn't be confident betting on the NHL expanding right now.