The ruling is in…. the NHL Board of Governors and Seattle committee have agreed to approve Seattle to be the 32nd NHL franchise come 2021-2022 at the fee of $650 million.
With Seattle being approved means the Arizona Coyotes will move to the Central division as the 8th team and Seattle will compete in the Pacific as the eight team. With this news also means the NHL salary cap will be raised to $83 million in 2019-20.
This team to Seattle has to thrive or the CEO will probably not be happy as he is paying $650 million fee, $150 million more than Vegas paid last year. With this approval means that Key Arena can start it’s renovation and get ready for the 2021 season. The Key Arena renovation will cost $800 million.
The ownership is also paying $150 million to open a practice facility with three sheets of ice in Northgate. This will be the first time Seattle has a professional hockey in the area since 1924. When the news came out about Seattle having an NHL team, their was a season ticket holding and 10,000 tickets were sold in 12 minutes and 32,000 in 31 hours of 10,000 names on the waiting list.
What will the team name be?
What will the jerseys look like?
What will their roster look like?
More to come…