On NHL Trade Deadline day it has been reported that the Vegas Golden Knights organization will be open for business. The paperwork that has been holding up the hockey club to make any business transaction in an official capacity has been signed, sealed, and delivered.

According to SportsNet’s John Shannon the remaining payment of the total $500 million entry fee into the National Hockey League has been taken care of and thus allows the franchise to be officially open for business and participate with the rest of 30 teams.

This allows the franchise to be an active member on the 2017 NHL Trade Deadline day. In addition, they are free to begin signing college free agents, make international transactions with European players, as well as sign players that are currently not under contract.

Vegas Golden Knights General Manager George McPhee can make arrangements for the franchise in not selecting a player. This basically means that the Golden Knights can make an agreement to target and not to target a specific player at the upcoming expansion draft.

However they can acquire draft picks in the deal which will be considered as what is called future considerations.

The clearing of the final payment has come as bit of shocker when team owner Bill Foley indicated that it may not be signed off in time for the March 1st NHL Trade Deadline.

Yesterday on Sportsnet’s Hockey Central Show George McPhee mentioned what he referred to as a gentleman’s agreement in principle vs. conducting a formal deal.

This is good news for the organization in that McPhee will be able to attend the General Managers meeting on March 6th.

Vegas Golden Knights VP of Communications and Content made mentioned to the reports about franchise being open for business.

“We are aware of the reports, we would issue a formal announcement if and when it is finalized.” Eric Tosi Golden Knights VP of Communications and Content

Update: The NHL has officially sent out emails to the 30 teams from around league that the Vegas Golden Knights are open for business.

General Manager George McPhee is eager to finally officially get things started with the Vegas Golden Knights organization now that they are green lighted to makes formal transactions with the rest of the league.

”Ideally we’d like to see the whole universe of who’s protected and who’s exposed before we have to make decisions,” McPhee said. ”But there are teams that want to talk now, so we’re listening.” GMGM

A look back to when the organization unveiled it’s name to the hockey world for the first time.

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