If the league average values go up and they will, I am sure, as its been a huge BOON year for the NHL, imo, then yeah Seattle is paying more! lol
Also i am going to suggest that league wide revenues jumped up again this year in part due to 3% more venues seats being sold league wide. I bet the CAP goes up over 3m, I am guessing between 3.5 and 5.5. Just a gut guess.
EDIT: I googled it after i posted that and OH SNAP check this link out:
and also...while my math says a new franchise should pay 730 million, it looks like its lower.