How much money do NHL teams get from expansion? The NHL board of governors unanimously approved a proposal from a group, led by David Bonderman, to bring an expansion franchise to Seattle in December 2018. The franchise’s expansion fee of $650 million was distributed in equal shares to 30 of the 31 franchises, excluding the Vegas Golden Knights.
Do NHL teams get compensation for expansion draft? The Golden Knights struck a deal when they joined the league that they would not have to give up a player in this first expansion draft since they joined. In return, their owner does not get a cut of Seattle’s $650 million expansion fee. The remaining 30 teams will each get paid $21.67 million.
How does an NHL expansion work? With respect to the players that are available for Seattle to select in the expansion draft, each team must meet certain requirements. They have to expose one defenceman who is a) under contract in 2021-22 and b) played in 40 or more NHL games the prior season OR played in 70 or more NHL games in the prior two seasons.
What does expansion teams mean in hockey? An expansion team is a new team in a sports league, usually from a city that has not hosted a team in that league before, formed with the intention of satisfying the demand for a local team from a population in a new area.