Sale of Coyotes to Jamison in Question (UPD: deadline won't be extended)
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02-01-2013, 05:28 PM
Join Date: Apr 2012
Originally Posted by
Because he could buy the team for about half of what the NHL believed that territory (greater TO) was worth.
If they expand to TO, the other 30 teams get to split the expansion fee, allegedly worth $400 MM+.
If someone buys an existing team, the owner of that team gets his money ($220 MM per JB's bid, iirc) and the rest of the teams split the relocation fee. At that time, I think a sports economist was saying the relo fee would be an additional ____ (less than $100 MM iirc).
A 400 million dollar expansion fee? You're off your rocker.
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