The World Hockey Association (WHA), formed in 1971, tried to capitalize on the lack of hockey teams in a number of major American cities and mid-level Canadian cities, and also hoped to attract the best players by paying more than NHL owners would. Of the original 12 WHA franchises, only the Winnipeg Jets remained for all seven seasons without relocating, changing team names, or folding.
The whole dramatic story can be read here.
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