https://www.cnbc.com/2025/11/25/cnbc...ions-2025.html
Flames are 17th at $1.93B
Leafs first at $4.3B
Gary Bettman said the numbers underestimate team values. He also said, if there is expansion, the number will start with a 2
Kraken expansion fee was $650M, now worth $1.77B after 5 seasons in the league