Sep 3, 2014, 5:38 PM EDT
Gary Bettman and other NHL executives have shot down expansion rumors already this summer, but he provided the Canadian Press with an interesting wrinkle on Wednesday: even if expansion was happening, a $1.4 billion haul in fees for four teams wouldn’t do the trick.
“The part of the story I found particularly difficult was the suggestion we would sell four franchises for $1.4 billion is way too low,” Bettman said. “It undervalues our franchises.”
Bettman was elaborating on his previous denial of an August 26 report from the Sports Business News’ Howard Bloom that the NHL would add four teams (Quebec, Seattle, Las Vegas and an additional Toronto team) by 2017 with that aforementioned $1.4 billion in expansion fees.
Naturally, such a claim won’t stop people from speculation. One can just imagine responses along the lines of “how much would it take for such an estimate to be proper value in the NHL’s eyes?”
Either way, it sounds like expansion speculation will remain just that, at least for now.
- Canucks ink Brandon Sutter to five-year, $21.875 million extension 18
- NHL unveils ‘historic’ digital media rights deal with MLBAM 36
- It’s Detroit Red Wings Day at PHT 15
- What does Jack Eichel mean to the Buffalo Sabres? 32
- It’s Buffalo Sabres Day at PHT 33
- Bernier, Leafs agree on two-year, $8.3 million deal 29
- How do Voracek, Giroux compare to the most expensive duos? 62
- Voracek turns monster season into massive eight-year deal 71
- Report: Canucks, Sutter closing in on five-year deal, north of $20M 28
- Voynov serving sentence at jail that once advertised it had flat screen TVs 45
- Voracek turns monster season into massive eight-year deal (71)
- How do Voracek, Giroux compare to the most expensive duos? (62)
- Voynov serving sentence at jail that once advertised it had flat screen TVs (45)
- Owner Pegula: Sabres have gone through ‘two of the most successful seasons we’ve ever had’ (43)
- NHL unveils ‘historic’ digital media rights deal with MLBAM (37)