Bettman boasted that "The league has never been healthier". "The game has never been healthier".
Peter Tingling, an associate dean at Simon Fraser University's Beedie School of Business who has researched the business of professional sports, said the most obvious upside of a nearby National Hockey League franchise for Vancouver would be the "healthy competition" it would generate. "Our fanbase has never been better and our fans are the best in all of sports". But keeping its eyes on Seattle won't prevent the NHL from combating suggestions of other expansion - or relocation - possibilities, especially since other cities have already either openly campaigned for hockey or drawn previous consideration from the league.
A second Toronto team would be intriguing, but let's face it, the Maple Leafs would never go for it.
The NHL brought in a salary cap after the 2004-05 lockout, which stood at $39 million in its first season. The growth factor can be anywhere from 0-5 percent.
Escrow ensures the owners and players receive an equal split of hockey-related revenues, per the terms of the collective bargaining agreement.
"My preference is to keep the cap as low as possible", Bettman said. A recently formed ownership group must formally apply and prove that they can sell enough season tickets to sustain a team.
Gary Bettman projects the salary cap will be between $78 million and $82 million in 2018-19 - an increase from the current salary cap of $75 million. The cap rose $6.4 million from 2007-08 to the 2008-09 season ($50.3 million to $56.7 million).
The salary cap will be set in June after review from the NHL Players' Association.
The salary cap for the 2017-18 season is $75 million. "We're a team that is a salary cap team". NHL Commissioner Gary Bettman said Thursday that the league has agreed to consider the application for an expansion team to be located in Seattle.
That news came on the heels of the announcement that Texas businessman Tom Dundon had signed an agreement to purchase a majority stake in the Carolina Hurricanes.
Hollywood filmmaker Jerry Bruckheimer and billionaire David Bonderman have also been given the green light to start a season-ticket campaign to gauge fan interest.
The NHL is now expected to make a franchise announcement within a few months regarding Seattle. "I know that in Canada, NAFTA is viewed as very important".