"The good people in Seattle who are in pursuit potentially of an expansion franchise have told us that they are working on an expansion application and anticipate being ready to file in the not too distant future," NHL Commissioner Gary Bettman said during his press conference prior to the 2018 GEICO NHL All-Star Skills Competition at Amalie Arena on Saturday.
A group led by Jerry Bruckheimer, a Hollywood producer, and David Bonderman, a private equity CEO, were authorized to file an application for expansion by the NHL Board of Governors on Dec. 7.
The cost of the team would be $650 million, and Commissioner Bettman said the NHL is looking at only Seattle for possible expansion. The earliest the team could begin playing is the 2020-21 NHL season, when it's expected the renovated arena in Seattle would be ready.
"The timetable in terms of filing an expansion application, doing a season-ticket drive, is largely up to them," Commissioner Bettman said. "We can respond to the extent that we're getting the information on a timely basis, whatever that timetable is, so we can go through the processes that we have to.
"I don't want to project [on a timeline] because then the clock is running and this is more about process than time."