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Originally Posted by Strange Brew
If expansion fees were a one time fee, the exec director of the NHLPA wouldn't be bringing it up.
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But they are a one-time fee. They are paid one time by each new franchise, as the price of membership in the league.
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As for how they are paid or collected, how do you know this? Why wouldn't a $1 Billon expansion fee be collected over a number of years? That's certainly what I would expect.
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In the past, they were paid in a lump sum. If you don't have access to the cash to buy a franchise, you don't belong in the major-league pro sports business.
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But even if it isn't, that doesn't mean it's not revenue or should be argued to be part of the pot to be split.
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It's a capital investment by the new owners. For the existing owners, it is the sale of a capital asset, represented by the loss of players and the dilution of their ownership stake in the league. It is not revenue from operations.