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Gary Bettman | Center

Team: College Player
Age / DOB:  (62) / 6/2/1952
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The Toronto Star estimated that a new hockey franchise in Toronto would cost over $1 billion to create when considering expansion fees, new arena costs and a territorial payment to the Toronto Maple Leafs.
Spurred by a report from last week from the Sports Business Journal regarding the NHL expanding to Toronto, the Star looked at the viability of sustaining another team in Ontario's hockey-mad capital. The paper reports that a new Toronto team would have to pay a $400 million fee to the NHL in order to be included in the expansion class. Next, the team would need to build a new arena, which has an estimated price tag of $400 million. Finally, the report suggests a payment of around $250 million for the Maple Leafs' owners to repay revenue losses the first franchise would suffer from a new team. Aug 30 - 7:56 PM

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