By John Shannon and Steve MolnarPublished Aug 08, 2017 05:05:58New Jersey Devils General Manager Lou Lamoriello and the New York Islanders Owner and President Russ LeBlanc are set to announce a new NHL expansion franchise in Jersey on Thursday, but the league still has not announced a date.
Lamoriello will host a news conference at 7:30 a.m.
ET at the team’s practice facility, where a news briefing will be held at 6:30 p.m., according to a league official.
The team has yet to announce its name and location.
The NHL will announce the new franchise name in July and will use the naming rights to the New Jersey facility.
The NHL has already spent millions of dollars to bring a new franchise to New Jersey, including $150 million for a new Devils arena.
The new arena, which will be called Prudential Center, is scheduled to open in 2018.
The league is in discussions with multiple partners to build the arena, including a developer who is planning a hotel/motel complex in downtown Jersey, and a private equity firm, the source said.
The arena is expected to cost $1.6 billion, according to an NHL official.
Lemieux and Lamorieux have been engaged in talks with NHL Commissioner Gary Bettman about building the new team.
Leblanc is the Islanders’ owner and general manager, and the two men have been working together for a number of years.
They met for the first time in January, when Lamorieaux met with Bettman in New York and announced his intention to move the team to New York.
Lamorieaes initial decision on the team was delayed until the end of the summer, and Bettman subsequently sent a memo to Lamoriels representatives, which suggested a possible relocation to Las Vegas.
Larblanc and Lamoryaes relationship began to deteriorate in early July when Lamieaes was charged with tax evasion and other violations of the federal tax code.
After the charges were dropped, Lamorieauis team announced it was withdrawing from the NHL, leaving Lemieaus absence.
Laland, a former New York Rangers coach, has also been active in the relocation talks, but it’s not clear whether he has any interest in moving the team from New Jersey.
Lals decision on whether to move came in mid-September.
In the meantime, Lamorelks team continues to work with LeBlancheys team on its relocation plans.