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The National Hockey League was organized on November 26, 1917, in Montreal, Canada. It started with four teams (all based in Canada) and, through a series of expansions, and relocations, it is now composed of thirty active franchises. The "nation" referred to by the league's name was Canada, although the league now includes teams in the United States and Canada. The leagues's first team in the United States, the Boston Bruins, began play in 1924. After a labor dispute that led to the cancellation of the entire 2004-05 season, the league resumed play under a new collective agreement that included a salary cap. In, the NHL enjoyed record highs in terms of sponsorships, attendance, and television audiences.