Tampa Bay Rays owner Stu Sternberg has agreed in principle to a $1.7 billion deal to sell the franchise to a group led by a Florida-based developer Patrick Zalupski, according to a report from The Athletic.
The deal is reportedly expected to be closed as early as September and will keep the franchise in the area, with Zalupski, a home builder in Jacksonville, having a strong preference to land in Tampa rather than St. Petersburg.
