The Mighty Ducks of Anaheim were founded in 1993 by The Walt Disney Company. The franchise was awarded by the NHL in December 1992, along with the rights to a Miami team that would become the Florida Panthers. An entrance fee of $50 million was required, half of which Disney would pay directly to the Los Angeles Kings in order to “share” Southern California. On March 1, 1993, at the brand-new Anaheim Arena – located a short distance east of Disneyland and across the Orange Freeway from Angel Stadium – the team’s name was announced. The team’s name was inspired by the 1992 Disney film The Mighty Ducks, about a struggling youth hockey team who, with the help of their new coach, become champions. Philadelphia-arena management specialist Tony Tavares was chosen to be team president, and Jack Ferreira, who previously helped create the San Jose Sharks, became the Ducks’ general manager. The Ducks selected Ron Wilson to be the first head coach in team history. The Ducks and the expansion Florida Panthers team filled out their rosters in the 1993 NHL Expansion Draft and the 1993 NHL Entry Draft. In the former, a focus on defense led to goaltenders Guy Hebert and Glenn Healy being the first picks, followed by Alexei Kasatonov and Steven King. In the latter, the Ducks selected as the fourth overall pick Paul Kariya, who only began play in 1994 but would turn out to be the face of the franchise for many years. The resulting roster had the lowest payroll of the NHL at only $7. 9 million.