You mean this one, aye?
At the end of the day, I think it all boils down to money. Namely, do the prospective owners have what it'll take to buy in to the rich franchise owners club?
In The Athletic yesterday, Bettman had been asked by LeBrun after the BoG meeting how much an expansion fee would cost. Bettman responded with "A lot", and continued by saying he feels teams in the league are undervalued. I think this lends some credibility to the idea that expansion fees could reach $2bn.
Bettman again stressed that the league isn't in "expansion mode", but that people from several markets (ATL, HOU, QC and SLC mentioned specifically) have expressed interest. He said, quote, “If something were to progress along where you say, ‘Well, this could be ready to go,’ then I’ll bring it to the owners and we’ll discuss it. But we’re not in a mode where I’m saying, ‘OK, if you’re interested in expansion, submit your applications and we’ll evaluate them,’ like we’ve done previously. We’re not there."
I'm willing to bet once The Gathering is approved by Forsyth County and crews begin construction, we'll start to see some forward momentum on the idea of expansion.