It looks like this:
Eastern Conference
Atlantic Division: Carolina, Columbus, New Jersey, New York Islanders, New York Rangers, Philadelphia, Pittsburgh, Washington.
Central Division: Boston, Buffalo, Detroit, Florida, Montreal, Ottawa, Tampa Bay, Toronto.
Western Conference
Midwest Division: Chicago, Colorado, Dallas, Minnesota, Nashville, St. Louis, Winnipeg.
Pacific Division: Anaheim, Calgary, Edmonton, Los Angeles, Phoenix, San Jose, Vancouver.
So what does it all mean?
Schedule
It depends on whether you're in a seven- or eight-team conference.
For the sevens (Midwest and Pacific) it looks like this:
32 games vs. Eastern Conference (one home, one away vs. each opponent).
21 games vs. other division in Western Conference (teams with the extra home game will be rotated every season).
29 games vs. own division (you will play one team four times instead of five).
For the eights (Atlantic and Central), it looks like this:
28 games vs. Western Conference (one home, one away).
24 games vs. other division in Eastern Conference (teams with the extra home game will be rotated every season).
30 games vs. own division (you'll play two teams five times, and five teams four times).
Playoffs
It is no longer the top eight teams per conference that qualify. Instead, the top three teams in each division are automatic qualifiers. They will be seeded 1, 2 and 3.
The No. 3 seeds have some potential for crossover. Those spots will be given to the next two teams with the highest point total. (The club with fewer points would play the higher-seeded No. 1.) That is on a conference, not a league-wide, basis, which prevents a cross-continent matchup along the lines of Vancouver-Florida in the first round.
....
Last year, the NHL considered the idea of playing the final four as a meritocracy -- putting the highest-remaining seed against the lowest, with no consideration for geography. That's also a goner, which is too bad, because I was looking forward to seeing if it made for a better final. The Stanley Cup final will remain Western Conference vs. Eastern Conference.
Future tinkering
The league-wide memo indicates the NHL and the NHLPA will meet after the 2015-16 season to see if this is working, "or earlier if circumstances warrant." So there's your "out" for expansion or relocation, should one (or both) of those possibilities exist.
...