Introducing the Seattle Kraken

75756A5E-120A-4932-810C-2FD980DB785E
By WGR 550 SportsRadio

The National Hockey League's 32nd franchise has officially unveiled its nickname ahead of its inaugural season in 2021-22.

Introducing the Seattle Kraken.

A legend from the deep awakens.Meet the Seattle Kraken → https://t.co/to5BtVVPh1 pic.twitter.com/FQfOdaiGQQ

— Seattle Kraken (@NHLSeattle_) July 23, 2020

Kraken CEO and Team President Tod Leiweke helped introduce the team name, logo and jerseys to the new Seattle franchise in front of the workers currently renovating the soon-to-be eco-friendly Climate Pledge Arena.

"It's only right and proper to announce the Kraken name, mark and colors here with the men and women working so hard and meeting every challenge to build our new home," Leiweke said on Thursday. "We were intentional every step of the way making this decision. We listened to our fans, thousands of them face-to-face and tens of thousands more on social media. We were determined to align with who we are as an organization and as a city and region. We think we got it right, the perfect fit."

Seattle Kraken announced as name of new NHL team, logos releasedHere's our story so far, will update with more information and pics as they are released. https://t.co/3GXs8WlLmi pic.twitter.com/AWDaF6GEve

— Chris Creamer - SportsLogos.Net (@sportslogosnet) July 23, 2020

Seattle Kraken. Love the Space Needle anchor. Jerseys via @icethetics. pic.twitter.com/TT84styfkd

— Frank Seravalli (@frank_seravalli) July 23, 2020

Seattle was awarded an NHL franchise when the league's Board of Governors unanimously approved the vote for the city back on Dec. 4, 2018. Ownership of the Kraken principally resides with David Bonderman, with Hollywood producer Jerry Bruckheimer and Leiweke also involved.

The franchise will pay an expansion fee of $650 million, which will be equally distributed to 30 NHL teams. This excludes the Vegas Golden Knights, which entered the NHL in the 2017-18 season with an expansion fee of $500 million.

Starting with the 2021-22 season, the Kraken will play as part of the Pacific Division in the Western Conference. To make room for Seattle, the Arizona Coyotes will move to the Central Division in the Western Conference, which will be the only change in the NHL's alignment.

Next summer, the Kraken will hold an Expansion Draft that will follow the exact same rules as Vegas did back in 2017. However, the Golden Knights will be exempt from this Expansion Draft and will not be required to surrender a player from their roster.

Seattle has a history of hockey with the Seattle Metropolitans that existed from 1915-16 to 1923-24. In 1917, the franchise become the first U.S.-based team to win the Stanley Cup after defeating the Montreal Canadiens for the title.