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NHL Sets $2 Billion Expansion Fee; Houston Leads Candidates

7/4/2025

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Summary

Story summary

The NHL is raising the stakes for potential franchises, with a jaw-dropping expansion fee of $2 billion set by Commissioner Gary Bettman. This marks a significant jump from the $650 million paid by the Seattle Kraken and $500 million by the Vegas Golden Knights. Houston emerges as the frontrunner among cities vying for a new team, alongside New Orleans, Indianapolis, Atlanta, and Austin.

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Story summary

The NHL is raising the stakes for potential franchises, with a jaw-dropping expansion fee of $2 billion set by Commissioner Gary Bettman. This marks a significant jump from the $650 million paid by the Seattle Kraken and $500 million by the Vegas Golden Knights. Houston emerges as the frontrunner among cities vying for a new team, alongside New Orleans, Indianapolis, Atlanta, and Austin.