Skip to content

Bettman adds to expansion denial: $1.4B wouldn’t be enough

Sep 3, 2014, 5:38 PM EDT

2014 NHL Draft - Round 1 Getty Images

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.

Latest Posts
  1. Tavares struggles to believe ‘it’s really over’ for Isles

    Apr 28, 2015, 12:04 AM EDT

    John Tavares AP

    It’s also tough to say what happens next.

  2. Video: Breaking down Kuznetsov’s series-clincher for Caps

    Apr 27, 2015, 11:16 PM EDT

    Evgeny Kuznetsov, Brooks Orpik Evgeny Kuznetsov, Brooks Orpik

    Barry Trotz says he has the joy of a kid and the maturity of a man.

  3. Not done yet: Lightning earn Game 7 against Red Wings

    Apr 27, 2015, 9:55 PM EDT

    Tyler Johnson, Ondrej Palat AP

    Some great individual performances propel Tampa Bay.

  4. Milbury throws out rules, much like the NHL

    Apr 27, 2015, 9:36 PM EDT

    Mike Milbury

    Game 7 is one of those “let them play” games.

  5. WATCH LIVE: Tonight’s Stanley Cup Playoff action

    Apr 27, 2015, 6:16 PM EDT

    Nicklas Backstrom, Johnny Boychuk , Thomas Hickey, Marcus Johansson AP

    One Game 7 and one team hoping to force another.

  6. Blues owner ‘disappointed and frustrated,’ but not ready to ‘throw people under the bus’

    Apr 27, 2015, 5:28 PM EDT

    2012 NHL Entry Draft - Rounds 2-7 Getty Images

    Tom Stillman did say “I’m sure there’ll be changes” following another first-round playoff defeat.

  7. Weber has ‘medical procedure’ for ‘subluxed kneecap’

    Apr 27, 2015, 4:56 PM EDT

    Shea Weber AP

    Expected to make full recovery within 4-6 weeks.

  8. NHL issues statement on passing of Hall of Famer Pronovost

    Apr 27, 2015, 4:11 PM EDT

    2006 NHL Entry Draft Portraits Getty Images

    Former Maple Leaf and Red Wing appeared in over 1,200 career games, winning five Stanley Cups.

  9. Despite ‘step in the right direction,’ do Canucks need to alter core?

    Apr 27, 2015, 3:11 PM EDT

    Phoenix Coyotes v Vancouver Canucks Getty Images

    Kevin Bieksa and Dan Hamhuis were each asked if they’d be willing to waive their no-trade clauses.

  10. After hook versus Canucks, Hartley says ‘no question’ Hiller starts against Ducks

    Apr 27, 2015, 2:47 PM EDT

    Jonas Hiller Getty Images

    Flames head coach Bob Hartley confirmed the decision on Monday.

Featured video

Price brilliant for Habs
Top 10 NHL Player Searches
  1. Z. Kassian (2281)
  2. S. Weber (1963)
  3. A. Burrows (1926)
  4. M. Giordano (1811)
  5. M. Zuccarello (1719)
  1. K. Letang (1594)
  2. D. Carcillo (1551)
  3. C. Price (1532)
  4. L. Bouma (1450)
  5. K. Klein (1406)