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For now, the NHL has disputed reports that the league plans to expand to Las Vegas, Seattle, Quebec City and add a second team in Toronto by 2017. Let's assume otherwise.
Expansion is a way of generating free money for existing NHL owners. The NHL expanded by four teams from 1998-2000, adding Nashville, Atlanta, Minnesota and Columbus. Each paid an $80 million franchise fee, allowing the league to distribute nearly $12.5 million to each existing club.

http://www.usatoday.com/story/sports/nhl/coyotes/2014/08/28/expansion-arizona-coyotes-anthony-leblanc/14739931/
 
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