Bettman said hockey-related revenue will be around US$4.54 billion this season, an 8.2 per cent increase. "We do our homework, we evaluate it, we examine all of the aspects".
The expansion fee for Seattle is set at $650 million. "This is a process that we go through". "As I think everybody knows, the club has stopped the pursuit of a new arena because they think it's futile", he said. "I think on some level Eugene Melnyk is disappointed, based on how well the team performed previous year", Bettman said.
"It's an intriguing possibility, but we've got homework to do". "But it's also what's driving the motivation behind wanting a new arena downtown in a place that is more accessible". "The board will ultimately make a decision".
Bettman went on to say that Seattle is the only city now being considered for expansion. Before that process, the league opened an expansion-application process for any interested parties and received offers from groups for Las Vegas and Quebec City. The Nordiques left town for Colorado in 1995. "But I think there is a lot of pent up appetite in Seattle for this", Durkan said.
Bettman mentioned that relocation of one or more teams is still on the table and did not rule that out. "If, if, if Seattle submits an expansion application and is approved by the board, then you have your other team in the West and you've solved your balance issue".
The process announced Thursday is similar to what the Las Vegas Golden Knights did ahead of being awarded an National Hockey League expansion team that began play this season.
A Seattle team would be the league's 32nd franchise.
KeyArena housed the NBA's SuperSonics until they relocated to Oklahoma City ahead of the 2008-09 season.
The group that will apply for a Seattle team includes Jerry Bruckheimer, a Hollywood producer, and David Bonderman, a private equity CEO.
Also at Thursday's board of governors meeting, Dallas billionaire Tom Dundon signed an agreement to purchase a majority stake in the Carolina Hurricanes from Peter Karmanos Jr.
"Pete and I built a relationship", Dundon said after the meeting. We'll be working together closely. "Because we're not anticipating anybody moving right now". There was some speculation earlier in the year that the Senators might be up for sale. "The rumors that it might be moving somewhere else are absolutely incorrect, made up, fabrications, wrong, wrong, wrong".
"Wrong, wrong, wrong. The club is not going anywhere with Mr. Dundon's purchase".
He said the League will roll out testing of the new technology at future events, including, perhaps, at the 2018 All-Star Game in Tampa.