Golden Knights make first player transaction ever on Monday
UPDATE on March 6: The Golden Knights have made the first player transaction in team history & signed forward Reid Duke.
LAS VEGAS (News3LV & AP) -- The Vegas Golden Knights are open for business.
Owner Bill Foley's final installment of his $500 million expansion fee has cleared, and the NHL has told its other 30 teams that the Golden Knights are able to complete transactions before they begin play next season.
"Today we reached another significant milestone in our team's history - the Vegas Golden Knights are officially a National Hockey League franchise," Foley said in a statement.
"It is an incredibly exciting day for our organization and we would not be here without the continued support from our fans.
"In February of 2015 we started our season ticket drive. We asked Las Vegans to put ticket deposits down for a team that didn't exist in an arena that hadn't been built and they came through in a big way. The progress we have made together in these last two short years is remarkable.
"Now that we are official, we look forward to continuing this momentum and building a team that our fans and our community will be proud of."
General manager George McPhee can immediately begin making trades for draft picks and unsigned prospects and sign free agents whose college or European league seasons are over.
Foley and McPhee will speak at a news conference at 4 p.m. today at the Fidelity National Financial Offices in Las Vegas to discuss the process. To watch the news conference, click here.