The NHL is set to announce its 33rd franchise by the end of the year, with Houston and Austin as leading candidates. Deputy Commissioner Bill Daly confirmed the league is advancing in Texas and plans to discuss further developments in September. The Friedkin Group is positioned to bid about $2 billion for the expansion, including arena construction, aiming for the team to debut in the 2029-2030 season. The decision will reflect on the potential market advantages of these cities, with Houston being the fourth-largest in the U.S.

By the Numbers
  • Expansion fee expected: $2 billion
  • Projected first season: 2029-2030
State of Play
  • Discussions ongoing with the Friedkin Group regarding franchise specifics.
  • Board meeting anticipated in September to evaluate next steps.
What's Next

As negotiations progress, a formal announcement regarding the chosen city is expected by year’s end, indicating readiness to expand into a promising Texas market.

Bottom Line

The NHL's potential expansion to Texas represents a significant opportunity for growth, tapping into major markets that could enhance the league's popularity and profitability.