I think this has more to do with the fact that the next 2 Winter Olympics are in Asia (how did that happen by the way??).
They are not hockey countries and are in a terrible time zone for the NA market.
This why the World Cup has been resurrected, the NHL knew they didn't really want to go to go half way around the world in the middle of the season. Maybe if the 2026 games are in a more attractive market they will re-consider.
Of course not having to share $$ with the IIHF or IOC is also a large factor.
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