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NHL Team Coming To Las Vegas

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The NHL is making a big bet on Las Vegas.

The league will expand to Las Vegas for the 2017-18 season after awarding its 31st franchise to billionaire businessman Bill Foley on Wednesday.

Commissioner Gary Bettman announced the decision after the league's board of governors met on a 109-degree day and unanimously voted to put an ice hockey team in the Mojave Desert's gambling mecca.

"We think this is a tremendously exciting opportunity, not just for Las Vegas, but for the league as well," Bettman said, calling Las Vegas "a vibrant, growing, global destination city."

Foley will pay $500 million to the NHL's other owners as an expansion fee. The new team will play in T-Mobile Arena, the $375 million building that opened just off the Las Vegas Strip in April.

The NHL is expanding for the first time since 2000, when Minnesota and Columbus each paid $80 million to join the league.

Read more here