The NHL has picked Las Vegas as its site for an expansion, if organizers can come up with a $500 million fee, reports the Associated Press.
An official announcement could follow the Board of Governors meeting on June 22.
The earliest for the league to expand would be the 2017-18 season.
The proposed expansion fee is much greater than when the Columbus Blue Jackets and the Minnesota Wild paid $80 million to join the league in 2000.
Bill Foley, the leader of the Las Vegas bid, has previously said that 13,200 fans have put down deposits on season tickets for a potential team. A 20,000-seat multipurpose arena near the Las Vegas Strip opened in April.
The NHL's executive committee was also reportedly considering an expansion to Quebec City.