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Hockey is more than a cool sport for serious fans. The National Hockey League is one of the four major professional sports associations in North America, boasting 30 professional ice hockey franchises in the US and Canada. The NHL governs the game, sets and enforces rules, regulates team ownership, and collects licensing fees for merchandise. It also negotiates fees for national broadcasting rights. (Each team controls the rights to regional broadcasts.) In addition, five minor and semi-pro hockey leagues also fly under the NHL banner. The league was organized in Canada in 1917.