NHL Commences Planning for Gary Bettman's Approaching Departure as Commissioner
Preparations for the eventual retirement of NHL Commissioner Gary Bettman are underway, despite him not having a specific timeline in mind. Bettman, who's currently in his 33rd year on the job, has significantly grown the league, expanding it from 24 teams in 1993 to 32 in 2023. Revenues have surged from about $400 million to a projected $6.6 billion in 2024-25, making the NHL the wealthiest major North American pro league by average franchise valuation growth.
In December 2022, Bettman broached the topic of his eventual exit with the executive committee during the Board of Governors' annual meeting. Although no immediate successor has been announced, NHL Deputy Commissioner Bill Daly is a strong contender due to his extensive experience and ripe age compared to Bettman's.
Minnesota Wild owner Craig Leipold initially mentioned concerns about post-Bettman leadership but noted that the NHL is already planning the transition, aiming to find someone equally effective. Bettman remains enthusiastic about his role, noting his energy, passion, and enjoyment during interviews with The Athletic.
Enrichment data indicates that Bettman's tenure has been marked by significant growth, highlighted by league expansion and television deals. His push for a hard salary cap structure helped contribute to the league's stability and financial growth. Negotiations with players throughout his tenure have been challenging but undeniably marked his legacy.
Craig Leipold, the Minnesota Wild's owner, has expressed some concerns about the post-Bettman leadership, but he acknowledges that the NHL is already preparing for the transition, aiming to find a successor who can continue the league's growth. Deputy Commissioner Bill Daly, with his extensive experience and relatively younger age compared to Bettman's, has been mentioned as a strong contender for the role. The NHL Players' Association and the NHL Board of Governors will play a significant role in the succession process, given their influence on the league's operations and income.
