Black owned boutique airlines, which are a mainstay in Canada, will not be able to fly from New York to Montreal next season.
That leaves the NHL with the luxury of selling tickets for other destinations, including in the U.S.
The NHLPA and the league negotiated a new five-year, $3.9 billion deal that would have given the NHL a huge chunk of its revenue.
It would have allowed the NHL to maintain a presence in Canada for another two years.
But in a deal that will be viewed as a coup for the league, the NHLPA announced Wednesday that the team will not renew the lease of the Air Canada Centre, home of the NHL franchise.
Instead, the team’s current home will be renovated and the arena and team’s training and development center in Toronto will be demolished, the league said.
The league has been trying to sell its air rights since the 1970s, but it never went anywhere.
That’s because it didn’t have enough money to cover the cost of building and operating a new arena in Toronto.
The new agreement gives the NHL the luxury to sell tickets in Canada and in the United States, and the team is getting rid of the airport, the franchise announced Wednesday.
The deal will allow the NHL and the union to continue to operate as one entity, and to use its existing business, the National Hockey League Players’ Association, to negotiate new terms.
The team is still allowed to lease space at the arena, the new deal states.
The team said it is still working with the league to find a new home for the team in the next two years and is working to bring the team back to Toronto.