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NHL Expansion

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Bettman said today that NHL hasn't decided to expand but they will look at proposals

 

Bob McKenzie @TSNBobMcKenzie 10m10 minutes ago

Bettman: accept formal applications, go thru vetting process, determine whether there is interest in committing to expansion.

 

 

No surprise but Las Vegas , Seattle and Quebec City were mentioned.

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I barely see Las Vegas succeeding as an transplant team and I see no chance in hell of it working as an expansion team.

Edited by legend-1

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I was just listening to The Power Play on XM and supposedly 13,000 "fans" in Vegas have turned in deposits to be STH's.  They said they were real fans not corporate deposits.

Edited by coastal_caniac

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I'm still dubious that Vegas can become a hockey town but not as skeptical as I once was. It has become apparent the NHL wants a team there. I also heard about the 13,000 deposits placed by individuals and small groups to become STH if Vegas get a team. That isn't bad considering our STH base guessed to be about 12 thousand. At least that is one number I have read.

 

I wonder what Bettman's fascination with ice in a desert setting is.

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I would think tourism industry support in Vegas would be high, NHL tickets would be a popular comp for hotel and casino guests. I'm trying to understand the valuation process though. I understand the league is looking for a $500 million fee for the expansion rights. But fairly recently, didn't the Sabres, a team with a solid fan base, sell for only about $150 million? Seems like a big gap there...

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I would think tourism industry support in Vegas would be high, NHL tickets would be a popular comp for hotel and casino guests. I'm trying to understand the valuation process though. I understand the league is looking for a $500 million fee for the expansion rights. But fairly recently, didn't the Sabres, a team with a solid fan base, sell for only about $150 million? Seems like a big gap there...

 

It is going to be fun being a true Vegas fan.  I suspect the arena will get a good number of "destination" trips.  Imagine bachelor parties, etc.  Lots of drunk visiting fans.  It will be a blast.

 

too many weak markets and not enough strong ones to expand. and what about the needed feeder AHL teams.

 

Initially they can share teams until the AHL stablizes.  The AHL was pretty stable until this year when they decided to turn everything upside down.  Part of the reasoning is NHL teams wanted close-by AHL teams.  Hence, the AHL's massive Westward expansion.

 

But it is a period of instability again.  The AHL will have a weird unbalanced schedule.  However, if the NHL expands and things stabilize, once could imagine room for more AHL teams in plenty of places West.

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I barely see Las Vegas succeeding as an transplant team and I see no chance in hell of it working as an expansion team.

I see Vegas succeeding wildly due to two factors:

1. snowbirds

2. transplants from other NHL cities

 

Quebec is going to fail miserably...no one outside of the natives will want to play there and the language barrier will be a huge factor.  It didn't work the first time, why bother going for round 2?  They'll be another Atlanta.

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I see Vegas succeeding wildly due to two factors:

1. snowbirds

2. transplants from other NHL cities

 

Quebec is going to fail miserably...no one outside of the natives will want to play there and the language barrier will be a huge factor.  It didn't work the first time, why bother going for round 2?  They'll be another Atlanta.

Snowbirds theory isn't working for Florida and how well is transplants working here? They fill the area for their games, not the home teams games.

Edited by legend-1

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Didn't the Nordiques leave because they wanted a new arena? I don't think they lacked fans.

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It appears the application fee was too much to risk for Seattle

 

TSN

 

That $2 million non-refundable asking price likely scared off the three interested parties in downtown Seattle, suburban Tukwila and nearby Bellevue - the financial risk too big even for billionaires to bank on arena plans made up purely of hope at this point

 

 

As expected, the NHL received formal application packages from parties located in Quebec City and Las Vegas

 

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Not surprising given that $2m of that $10m application fee is nonrefundable. Arenas in Quebec and Vegas are in the process of being built.  Seattle doesn't even have a site pinned down, let alone committed funding.  From what I hear Seattle is one of the NHLs preferred targets for expansion.  They've said that anyone missing the application deadline is out, but I wonder if they'll change their minds if a group from Seattle does scrape together an application in the near future?       

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It didn't surprise me either. The Seattle group(s) seem to want a NHL team but without an arena commitment it won't be easy. I thought interests in either Kansas City or Oklahoma City might try to mount an effort but those are marginal markets for NHL expansion. I was surprised that one of the often mentioned Toronto area groups didn't jump in.

 

Vegas is pretty much a sure bet but I wonder what the NHL will do with Quebec application.

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They're talking about somewhere in the neighborhood of $500m expansion fees, right? You know the owners are going to put a lot of pressure on Bettman to expand. 

 

What's interesting is that a lot of existing NHL teams are valued at less than $500m.  The last time I looked the Canes were somewhere in the low to mid 200m range, although PK is looking at north of $400m to sell 'em.

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I see Vegas succeeding wildly due to two factors:

1. snowbirds

2. transplants from other NHL cities

 

Quebec is going to fail miserably...no one outside of the natives will want to play there and the language barrier will be a huge factor.  It didn't work the first time, why bother going for round 2?  They'll be another Atlanta.

 

This post shows that you just don't have any clue about the subject, especially about the history (yeah, Montréal is really suffering from being a city where french is spoken in majority), the context that prevailed back in 1995 (sharing revenues, salary cap, economical situation, etc.), the actual situation (yeah, Winnipeg is really struggling. By the way, all canadian franchises, coupled with NYR, CHI and BOS are the only franchises that do not lose money).

 

And comparing Atlanta with Québec City in term of ice hockey. Are you really serious or did you try some nice fix...?

 

:bangHead:

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This post shows that you just don't have any clue about the subject, especially about the history (yeah, Montréal is really suffering from being a city where french is spoken in majority), the context that prevailed back in 1995 (sharing revenues, salary cap, economical situation, etc.), the actual situation (yeah, Winnipeg is really struggling. By the way, all canadian franchises, coupled with NYR, CHI and BOS are the only franchises that do not lose money).

 

And comparing Atlanta with Québec City in term of ice hockey. Are you really serious or did you try some nice fix...?

 

:bangHead:

 

First everyone is entitled to their opinion on this board. We can disagree without name calling or innuendo.

 

I doubt everyone agrees with AWAC in this particular case. Quebec City is one of my favorite places on the entire globe. If memory serves me correctly when the Nordiques moved it had nothing to do with fan support or revenue (except as relates to the currency exchange) but everything to do with the franchise wanting a new arena. Hockey in Quebec just seems right, at least to me.

 

Bottom line is I don't mind and in fact I encourage a franchise in Quebec City. We just don't want it to be our franchise. So good luck with expansion or if relocation please look elsewhere.

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