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Originally Posted by Strange Brew
Exactly. Minus the $500 million the owners get in expansion vs. relocation. Unless you think they could extract same payment in a relo. But then you have the issue of detracting from future expansion.
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The difference is relocations happen because the NHL is over a barrel, like in the Thrashers situation. The League already had its hands full with bailing out the Coyotes and couldn't afford another situation like it. Winnipeg was Bettman's only option. With expansion the League has all the power to say yea or nay and set any ridiculous price it wants to.