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See which NFL team was sold for 1 billion

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See which NFL team was sold for 1 billion

From Comcast SportsNet
BEREA, Ohio (AP) -- The new owner of the Cleveland Browns is watching his first practice. Tennessee truck-stop magnate Jimmy Haslam III walked to the middle of the field Friday with team president Mike Holmgren and general manager Tom Heckert for his first glimpse at what 1 billion can buy. Haslam was wearing shorts on a hot, humid morning. Randy Lerner reached a deal Thursday to sell the club to Haslam, a minority stockholder in the rival Steelers. Haslam must divest his interest in the Steelers and also gain approval for the purchase from the NFL. Haslam, who planned to hold a news conference later Friday, promised Lerner the franchise won't be relocated. Haslam arrived in Cleveland late Thursday and dined with Holmgren. "He had done a lot of work on the Browns and the city of Cleveland," Lerner said Thursday, "and first and foremost gave me his personal assurance the team would remain in Cleveland." Lerner will sell 70 percent of the Browns to Haslam now, with the other 30 percent reverting to him four years after the closing date, a person with knowledge of the sale told The Associated Press on condition of anonymity because details have not officially been announced. "This is a very exciting time for my family and me," Haslam said through the team. "To own such a storied franchise as the Cleveland Browns, with its rich tradition and history, is a dream come true. We are committed to keeping the team in Cleveland and seeing it get back to the elite of the NFL -- something all Browns fans want and deserve." While the papers have been signed, the NFL still must sign off on the deal. Getting the nod from 24 of the 32 teams is required, and no date has been set for a vote because the sale has not been presented to the league yet. The person with knowledge of the sale said approval is expected by the end of September. ESPN reported the sale price was more than 1 billion. For comparison, the Miami Dolphins sold at a value of more than 1 billion in 2009. The Browns were valued at 977 million last year by Forbes magazine, 20th in the NFL. Asked if he was surprised by the deal, Holmgren said: "On one hand, the surprising part was the time of the year. But in this business, I gave up being surprised a long time ago." Lerner, whose family has owned the franchise since it returned to the NFL in 1999, first announced he was in negotiations to sell the club last week. The late Al Lerner, Randy's father, purchased the franchise from the NFL in 1998 for 530 million after the original Browns moved to Baltimore in 1996 and became the Ravens. The elder Lerner died in 2002. Randy Lerner also is the owner of Aston Villa, a club in the English Premier League. The expansion Browns entered the NFL in 1999 and have made the playoffs just once, a 2002 first-round loss to the Pittsburgh Steelers. They've had only two winning records in 13 seasons and are 68-140 since they returned. Even with a string of failures on the field, the value of the Browns -- like other NFL franchises -- keeps increasing, boosted by broadcast income. The league agreed in December to nine-year contracts with CBS, Fox and NBC that run through the 2022 season and will boost revenue from the 1.93 billion last season to 3.1 billion by 2022. The NFL reached an eight-year extension with ESPN last year through the 2021 season that increases the rights fee from 1.1 billion to 1.9 billion annually. Haslam has been a minority investor in the Steelers since 2008, and is the president and CEO of Pilot Flying J, the largest operator of travel centers and travel plazas in North America. He is the older brother of Tennessee Gov. Bill Haslam. According to a 2010 profile on Steelers.com, Haslam has been a Dallas Cowboys fan and then an Indianapolis Colts fan. But with the Pittsburgh investment, Haslam said he had become "1,000 percent a Steelers fan." The Haslam brothers are supporters of the University of Tennessee, where their father Jim Haslam played tackle on the 1951 national championship football team under Gen. Robert R. Neyland, who built the Volunteers into a football powerhouse. The elder Haslam founded the Pilot Corp. in 1958 with a single gas station in Gate City, Va. He credits sons Bill and Jimmy with expanding the chain from mostly gas stations and convenience stores to a "travel center" concept of truck stops featuring branded fast food service. As for Haslam possibly moving the franchise, Holmgren emphatically added, "The Cleveland Browns aren't going anywhere." But the current staff might be if the Browns don't do better than the 4-12 record of 2011, Pat Shurmur's first season as coach. New owners usually bring in their own management team, although Shurmur has impressed many people around the league. "I have no fear about any of that because I trust my coaches, I trust the players and I've watched the work they've done based on the conversation of this last week," Shurmur said Thursday. "I think we're moving full steam ahead. That doesn't bother me one bit at this point at this point. My concern is getting this team ready to play and our players understand that message and they are doing a good job." Holmgren would not address his future with the Browns. "Honestly, my focus is to have guys here concentrating on football, making it business as usual," he said. "The what ifs and hypotheticals, I have to stay away from." Haslam would be the sixth majority owner of the Browns: team founder Mickey McBride (1945-1953), David Jones (1953-1961), Art Modell (1961-1995), Al Lerner (1998-2002), and Randy Lerner (2002-present). An NFL trust also oversaw the inactive franchise from 1996-1998. Cleveland last won the NFL championship in 1964, beating Johnny Unitas and the then-Baltimore Colts 27-0. The Browns have never been to the Super Bowl.

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Game 60: Capitals vs. Lightning Date, Time, How to Watch, Game Thread

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USA TODAY Sports

Game 60: Capitals vs. Lightning Date, Time, How to Watch, Game Thread

What: Washington Capitals vs. Tampa Bay Lightning

Where: Capital One Arena, Washington, D.C.

When: 7:00 p.m. ET

How to Watch: Capitals-Lightning will be broadcast on NBC Sports Washington (Channel Finder)

Live Stream: You can watch the Capitals-Lightning game on NBC Sports Washington's live stream page.

You can also stream the game online with no cable TV subscription on fuboTV (try for free!).

WHEN IS THE CAPITALS-LIGHTNING GAME?

The Capitals (34-18-7) take on the Lightning (39-17-3) Tuesday, February 20 at 7:00 p.m. ET in Washington.

WHAT CHANNEL IS THE CAPITALS-LIGHTNING GAME ON?

The Capitals-Lightning game will be broadcast on NBC Sports Washington. Coverage kicks off with Capitals FaceOff at 6:00 p.m. followed by Caps GameTime at 6:30 p.m. Stay with NBC Sports Washington for Caps Extra following the game, Caps Overtime at 10:00 p.m. and Caps in 30 at 11:00 p.m. for all your postgame coverage. (NBC Sports Washington channel Finder)

6:00 p.m. — Caps FaceOff
6:30 p.m. — Caps GameTime
7:00 p.m. — Capitals vs. Lightning
9:30 p.m. — Caps Extra
10:00 p.m. — Caps Overtime
11:00 p.m. — Caps in 30

WHAT ARE THE PROJECTED LINES FOR THE CAPITALS-LIGHTNING GAME?

Here are the projected lines for the Caps-Lightning game:

Forwards
Alex Ovechkin - Nicklas Backstrom - Tom Wilson
Jakub Vrana - Evgeny Kuznetsov - T.J. Oshie
Brett Connolly - Lars Eller - Andre Burakovsky
Chandler Stephenson - Jay Beagle - Devante Smith-Pelly

Defensemen
Christian Djoos - John Carlson
Dmitry Orlov - Matt Niskanen
Brooks Orpik - Madison Bowey

Braden Holtby starts with Philipp Grubauer as backup

Scratches: Alex Chiasson, Taylor Chorney

WHERE CAN I STREAM THE CAPITALS-LIGHTNING GAME?

The Capitals-Lightning game, as well as Caps GameTime and Caps Extra, is available to stream live here through NBC Sports Washington's live stream page and is available to authenticated NBC Sports Washington subscribers on desktops, tablets, mobile devices and connected TVs anywhere in the United States.

The game is also available to stream, along with all the pregame and postgame shows, on fuboTV (try for free).

CAPITALS-LIGHTNING OPEN THREAD

Use the comment section below to discuss the game action with other Capitals fans. 

For all the latest Caps coverage, follow Capitals Insider Tarik El-Bashir, Capitals correspondent JJ Regan and the NBC Sports Capitals account on Twitter. Be sure check out our Capitals page and NBC Sports Washington's Facebook page.

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Need to Know: Redskins' Junior Galette will be a valued free agent

Need to Know: Redskins' Junior Galette will be a valued free agent

Here is what you need to know on this Tuesday, February 20, 22 days before NFL free agency starts.

I’m out this week so I’ll be re-posting some of the best and most popular articles of the past few months. Some may have slightly dated information but the major points in the posts still stand. Thanks for reading, as always.

Galette to be a valued free agent

Originally published 12/13/17

Like the Redskins, the Broncos are no longer relevant in 2017. Both teams’ fan bases have started to look towards the coming offseason.

To give their readers what they want, the Denver Post published an article by Mike Renner of Pro Football Focus that discussed some of the top pending free agents who have done the most to increase their values in the past year. There were two Redskins named, one you would expect to see on such a list and one that might surprise some people.

Kirk Cousins is at the top of the list. “The Washington signal-caller is grading as a top-10 quarterback (82.8), and soon he’ll have the long-term contract of one,” Renner wrote. “Only this time its value will be exponentially higher than any one he would have signed back when he first became a free agent in 2016.”

But the surprising name is that of Junior Galette. After missing the last two seasons with two torn Achilles tendons, he played this year on a one-year, $800,000 deal. And while he hasn’t been on fire in the sack department with just two on the year, he has been getting pressure on the passer.

“He’s accumulated the 27th-highest pass-rushing grade of any edge defender this season, but in only 264 snaps,” wrote Renner. “At 29 years of age, it’s doubtful he ever gets back to the level of the contract that he once had on the table with New Orleans. With how he’s played this season though, some pass-rush-needy team will pay handsomely for his services.”

One team that could be considered to be pass rush needy is the Redskins. Preston Smith is the starter and supposedly one of the Redskins’ top pass rushers. But in 100 fewer pass rush snaps this year, Galette has only three fewer quarterback hits than Smith and six more hurries.

And after missing those two seasons, Galette has remained healthy. Although he was limited with a hamstring during much of the preseason, he has not missed a practice or appeared on an injury report this year.

But would the Redskins be willing to pay him “handsomely”? Perhaps a good comp would be Connor Barwin, who moved from the Eagles to the Rams this past offseason at the age of 31. He had five sacks in Philly in 2016. That got him a one-year deal worth $3.5 million.

Barwin likely will have more sacks on his ledger going into free agency so let’s say Galette could command around $3 million. Perhaps he could offer Washington a bit of a hometown discount and agree to something in the $2.75 million range. If that is the case, the Redskins would be smart to keep him around for another year.

Plenty of things could alter the equation. If Galette gets hot in the last three games and posts a few more sacks his price could rise. With Smith and Ryan Kerrigan both back next year, perhaps Galette will want to go somewhere that he might get more playing time.

The details need to be sorted out but don’t be surprised if Galette gets a lot of attention in free agency, as much as teams need pass rush, and if the Redskins have to make a very tough decision about how much he is worth.

Stay up to date on the Redskins. Rich Tandler covers the team 365 days a year. Like his Facebook page Facebook.com/TandlerNBCS and follow him on Twitter @TandlerNBCS.

Timeline  

Days until:

—NFL Combine (3/1) 9
—NFL Draft (4/26) 65
—2018 NFL season starts (9/9) 201