Someone posted a link to an article in the Toronto Star that referenced the billion dollars in potential franchise fees the existing owners would collect from expansion, so that's not glue they're sniffing. It's cash.
Bettman's track record demonstrates that he is willing to risk the integrity of the league in order to make his owners as much money as possible, so it's not really that surprising. He has his circle of cronies on the BOG, and can probably drum up support from owners drooling at the prospect of the new franchise fees. That fee is not considered Hockey Related Revenue so it's not something they even have to share with players.
Plus with the CBA set for at least 7 more years, if there's a couple more struggling franchises it really won't effect owners until then. And even when the CBA ends they'll likely just have another lockout and hammer the players salaries down further instead of increasing revenue sharing. So it doesn't seem like there's a ton of financial risk to the existing owners.
I agree with you that Bettman is selling this like he had in previous years to the BOG - you'll get more $$$, and that alone will get many members to sign on.
The issues in Glendale, AZ are far from over, and then there's the Panthers in Miami, and who knows who'll be next on the list of financial doom & gloom.
This league has some serious issues, and placing teams in non-traditional markets continues to dog them...I know I'm beating a dead horse here, but I'd much rather see a team in Quebec City, and a 2nd team in Toronto before any city here in the USA, but that's just me.
- wings4thecup06 likes this