It just started and my questions is how do teams get qualified to this tourney? Is this the UEFA Champion League for hockey and they take the winners of last year? Or are the teams invited?
E: And why isn't the KHL in it?
Teams do not get qualified for this. It is more invitational (spell?) type of tournament. It is successor of Nordic Trophy where only Finns and Swedes played and European Trophy expanded it's "borders" to Czech, Slovakia, Germany, Austria, Swiss. First season of ET even one team from Norway played.
KHL is not interest in ET. Their plans is to expand KHL to the west (64 teams as Medvedev said at summit in Barcelona).