NHL Small increase in salary cap

How much would an NHL expansion team cost?

National Hockey League (NHL) deputy commissioner Bill Daly mentioned a possible return of an organization to Atlanta on Wednesday, but a group looking to acquire an expansion team better have deep pockets.

According to TSN journalist Darren Dreger, the project for a new club could cost up to $2 billion. For comparison, the Ottawa Senators changed hands this summer for around $1 billion, joining Michael Andlauer’s ranks.

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Inflation would take its toll as the Seattle Kraken became the 32nd franchise in the NHL in April 2021 for $650 million in expansion fees. Five years earlier, the Vegas Golden Knights had joined the Bettman circuit for $500 million.

“There are potential markets that are suitable for the league and we always keep the door open. If you are interested and have a plan, come to us. If the other owners are interested, we can take the matter forward,” Daly said in an interview with the ESPN network.

Of course, in Atlanta, Quebec or somewhere else entirely, you have to pull out the checkbook.