via the CP at the Globe and Mail,

Commissioner Gary Bettman said Wednesday a report the NHL will expand by four teams was a “complete fabrication,” and the league isn’t looking to add any new franchises.

“The part of the story I found particularly difficult was suggestion we would sell four franchises for $1.4-billion is way too low,” Bettman said. “It undervalues our franchises.”

Sports Business News reported via Twitter last week the NHL will expand into Las Vegas, Seattle, and Quebec City while adding a second franchise in Toronto by 2017.

Bettman said there’s plenty of interest from people wanting NHL expansion teams but added the league hasn’t researched the issue.