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NHL Pursues Texas 33rd Team with $3.5 B Deal

6/24/2026

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Story summary
  • The NHL signed a $3.5 billion term sheet with Dan Friedkin’s family to explore a Texas franchise.
  • Commissioner Gary Bettman said the league will evaluate a 33rd team in Houston or Austin over six months.
  • The Board of Governors’ executive committee endorsed the term sheet, though a full board vote is pending.
  • The Dallas Stars’ territorial rights stay unchanged as the league projects revenue of $7.5 billion to $8 billion.