The NHL’s executive committee has reportedly approved an expansion team in Las Vegas starting with the 2017-18 season, according to the Associated Press. The AP is also reporting that final approval by the league’s board of governors next week in Las Vegas “is a foregone conclusion.”
Bill Foley’s ownership group paid a big price – $500M – for the franchise, which will play in the brand new T-Mobile Arena. The team is expected to be named the Black Knights.
The last time the NHL expanded in 2000, groups in Minnesota and Columbus paid $80M for a franchise.