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How much of the new $1.6 billion expansion package will be spent on players?

The NHL and the NHL Players Association announced Tuesday that the league will spend $1 billion on the expansion of the Las Vegas NHL arena, a project that was expected to cost $1 to $1,000 billion.

The $1-billion price tag is an increase of about 5 percent from the $1 million per team figure previously reported, and represents a $750 million increase over the previous estimate.

The expansion would bring the total number of NHL teams in the United States to 24, with teams from the Pacific Division moving into the league at the start of the 2018-19 season.

The league has said it would invest $1B to expand the league to 25 teams by 2023.

The Los Angeles Kings, Chicago Blackhawks, St. Louis Blues, Anaheim Ducks, Minnesota Wild, Washington Capitals, Nashville Predators and Winnipeg Jets are the other four expansion teams.

The full expansion proposal, which includes the expansion teams and the Los Angeles-based Staples Center, was unveiled at a news conference held in New York City Tuesday.

The full $1 trillion price tag was not disclosed, but it includes $600 million to $700 million for a brand new arena and $500 million for new equipment.

A full $750M price tag for the Las-Vegas arena, including $750m for a new arena, would represent about 6.4% of the total cost of the project, which is projected to cost about $1-$1,500 billion, according to the team.

The NHL is looking at about $800 million in tax breaks and the rest is a private investment.

The new arena is expected to be ready to open in 2019, when the NBA and the NBA Players Association will renegotiate the league’s collective bargaining agreement.