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Ok, here's a solution: stop expanding! Why the hell is there a franchise in Columbus, Tampa Bay, Miami, Nashville, and San Jose??? C'mon, not even baseball is dumb enough to put a franchise in Columbus!!! I don't think the NHL will fold, but I do think that many teams will retract and the league will be able to survive with fewer teams. Hate to say it, but Pittsburgh appears to be first on the choppin block.
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