He’ll be hockey’s leader through the 2022 season. He officially signed the contract in Sept. 2015; however, it’s just been announced now.
In the past, Bettman’s contract extensions have rarely been announced. The 63-year-old has been the commissioner since Feb. 1st, 1993.
Bettman has been good and bad for the league. While he’s helped the league grow revenue, he’s also been a problem in the controversial labor battles that has happened three times on his watch in 1994-95, 2004-05 and 2012-13.
He’s seen four expansion teams and five franchises relocate. They’ve also had three new playoff formats and NHL players participating in the Olympics.
In addition, he was the one many blame for the league cancelling the 2004-05 season. The NHL changed forever after that as the players had to accept a salary cap and it went to a speed game — and away from the enforcer game.
Bettman worked for Stern at the NBA and developed a mentor relationship with him. Yet, it would be a year shy of the 31-year tenure that Clarence Campbell had as the NHL president.
While some may question some of his moves, the league’s television contracts are booming. They’ve garnered $2 billion within the United States and additional $4.9 billion in Canada.
He oversees a $4 billion industry now than the $732 million market when he took over in 1993. While his contract expires in 2022, so does the Collective Bargaining Agreement that ends on Sept. 15, 2022 — but either side are eligible to opt-out of their contracts in Sept. 2019.