Kukla's Korner Hockey

Kukla's Korner Hockey

Vegas Golden Knights Final Payment Will Come After The Trade Deadline

02/11/2017 at 6:29pm EST

from Steve Carp of the Las Vegas Review-Journal,

There has been much speculation that Golden Knights owner Bill Foley would expedite his final payment of the team’s $500 million expansion fee before February ends so that general manager George McPhee can begin participating in transactions.

The NHL’s trading deadline is March 1.

But Foley said Thursday the final payment will most likely be made the first week in March in time for McPhee to attend the GM meetings March 6-8 in Florida and for the Knights to begin signing college free agents.

“It’s going to be complicated for us to do it by the 28th because of all the legal documents that we’re doing with the NHL that still have to be completed,” Foley said. “We’re still negotiating a few points. But the money will be ready around the 25th or 26th so if we can get all the legal paperwork finished, we may be able to move it up.”

McPhee said he’s ready to start doing business with the other 30 NHL teams.

“We’d like to participate as soon as we can and see what’s out there,” he said.

other topics include where will the Islanders play and a look at the trade deadline...

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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.

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