The worst-kept secret in pro sports is no longer a secret. Now comes the hard part for Utah.

As has been increasingly expected for more than a week and capping a period of rising turbulence, the NHL is shifting the Coyotes to Salt Lake City beginning with the 2024–25 season. The league’s Board of Governors unanimously approved on Thursday a complex, two-stage transaction in which Coyotes owner Alex Meruelo will return the franchise back to the league for $1 billion. The NHL is then reselling the Coyotes to Ryan Smith (above), owner of the NBA’s Jazz and co-owner of two pro soccer teams in Utah, for $1.2 billion, with the difference split among other NHL team owners.

“As everyone knows, Utah is a vibrant and thriving state, and we are thrilled to be a part of it,” said NHL commissioner Gary Bettman.