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The agreement had a term of six years with an option of extending the collective bargaining agreement for an additional year at the end of the term, allowing the league to resume as of the 2005–06 season.The league's post-lockout agreement with NBC gave the league a share of revenue from each game's advertising sales, rather than the usual lump sum paid up front for game rights.S., and concerns that the Western Hockey League was planning to declare itself a major league and challenge for the Stanley Cup, spurred the league to undertake its first expansion since the 1920s.

Founded in 1909, the NHA began play one year later with seven teams in Ontario and Quebec, and was one of the first major leagues in professional ice hockey.The league then increased to 18 teams in 1974 and 21 teams in 1979.In the 1990s, the NHL further expanded to 30 teams, and added its 31st team in 2017.The National Hockey League was organized on November 26, 1917, in Montreal, Quebec after the suspension of operations of its predecessor organization, the National Hockey Association (NHA), which had been founded in 1909 in Renfrew, Ontario.The NHL immediately took the NHA's place as one of the leagues that contested for the Stanley Cup in an annual interleague competition before a series of league mergers and folds left the NHL as the only league left competing for the Stanley Cup in 1926.

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But by the NHA's eighth season, a series of disputes with Toronto Blueshirts owner Eddie Livingstone led the other team owners, representing the Montreal Canadiens, Montreal Wanderers, Ottawa Senators, and Quebec Bulldogs to meet about the league's future.

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