While Komets president Michael Franke said the team's agreement with the ECHL is "for life," in actuality the agreement is for three years with the expectation that it will continually renew every three years.
I will get this question a lot: Who owns the Komets' name and logo now?
In a technical sense, the ECHL does. But according to ECHL commissioner Brian McKenna, "There are mechanisms within the bylaws" for the Frankes to get those back.
So, basically, if the Komets don't like the ECHL, their soonest window to leave would be in 2015, and they would have to buy back their name and logo.
Also, they did not take over an existing franchise. They were given "expansion membership."
What about that much talked-about franchise fee the ECHL supposedly wanted the Komets to pay for entrance in 2010, and which the CHL was willing to waive to get them? Well, that's murky. According to the Komets there never was any such a thing, though I'm not sure I buy that. I'm sure they had to pay something to enter the ECHL today and no one would tell me the figure.