Kukla's Korner Hockey

Kukla's Korner Hockey

Reported Expansion Fee For Las Vegas NHL Franchise Will Be North Of $450M

01/21/2015 at 9:15am EST

from Rick Westhead of TSN,

A prospective NHL team in Las Vegas should generate at least $450 million in expansion fees for the league, two NHL owners told TSN.

“It’s going to be between $450 million and $500 million. I bet it comes in at about $475 million,” one owner told TSN, requesting anonymity because the league does not like owners to speak publicly about such issues.

A second NHL owner subsequently agreed with the prediction.

The estimate, if it bears out, highlights the NHL’s growth over the past decade, a stretch during which the NHL has effectively doubled overall revenue to $3.7 billion.

The last teams to pay expansion fees, the Columbus Blue Jackets and Minnesota Wild, paid the league $80 million apiece.

continued

Create an Account

In order to leave a comment, please create an account.

About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at [email protected]