Overview
- The governors outlined a minimum expansion fee of $2 billion, more than triple the cost for Vegas and Seattle, and require prospective owners to invest at least $1 billion in arena development if needed.
- Gary Bettman confirmed the league has no pending applications and is not initiating a formal expansion process at this time.
- Six potential ownership groups were discussed at the June board meeting in Los Angeles, but no formal bids were launched.
- Average NHL team valuations have surged to $1.79 billion—a 92 percent increase since 2021—reflecting rising franchise values.
- The league bolstered its finances with a 12-year, $7.7 billion Canadian broadcast rights agreement and is set to unveil a new collective bargaining framework before the 2026-27 season.