1. The team will keep the name, Rochester Knighthawks, and begin play in the 2019-20 season.
2. The Pegulas will pay an expansion fee, believed to be in the neighborhood of $5 million, about what Curt Styres paid when he bought the franchise in June 2008.
3. Styres will move his franchise to Halifax, Nova Scotia, for the 2019-20 season. The franchise will announce its name at a later date. Styres can retain any players and coaches he desires who are under contract. An expansion draft will be held to help stock the new Knighthawks.
4. The team will play at an improved Blue Cross Arena. The $20 million in improvements include a new scoreboard, new locker rooms and possibly new restaurant called “585.” The Pegulas operate a sports bar/restaurant at Harborcenter in Buffalo called “716.”
5. The Pegulas will continue to own a second NLL team, the Buffalo Bandits.
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