Don’t look now, but the cost of an NHL expansion franchise likely just soared.

It’s been rumored for years the NHL might defy conventional wisdom by demanding sky-high expansion fees upwards of $400 million per franchise, even in this country where teams generally lag those in Canada in value. And despite the disbelief usually accompanying such rumors, recent sales involving the New York Islanders and Arizona Coyotes just supplied the NHL some fresh justification for commanding such sums.

-Geoff Baker of the Seattle Times where you can read more on this topic.