The Bills franchise is officially on the market, writes John Kryk of QMI Agency, who reports that the club has mailed a non-disclosure agreement from law firm Proskauer Rose and a teaser sale document to prospective bidders. According to Kryk, potential buyers must sign the non-disclosure agreement in order to receive the “offering memorandum,” or sale book, which will contain confidential information regarding the Bills, including financial details such as revenues, assets, and operational costs.
Here’s more on the Bills, and a couple of their AFC East rivals:
- In the aforementioned piece, Kryk goes on to explain that the NFL would like the Bills‘ eventual buyer to be “financially liquid to the extent of possessing at least $200MM in available cash over and above his or her portion of the sale price.” Additionally, financial firm Morgan Stanley will vet prospective buyers before the NFL does, since the firm is familiar with what the NFL accepts and what it doesn’t.
- Speaking today to reporters, including Shalise Manza Young of the Boston Globe (Twitter link), Vince Wilfork said that any issue he may have had with the Patriots and his contract in the offseason has been laid to rest, and that there are no lingering grudges. The veteran defensive tackle reportedly requested his release at one point, but ultimately worked out a new agreement to remain in New England.
- Like coach Rex Ryan, Jets GM John Idzik is feeling playoff pressure this season, writes Gary Myers of the New York Daily News. Other Jets general managers have enjoyed playoff success relatively early in their tenures, which might put the squeeze on Idzik to deliver.
- Jets owner Woody Johnson isn’t concerned about his club’s relatively cost-conscious offseason, writes Kimberly A. Martin of Newsday. “John is picking (players) using the cash that he has,” Johnson told reporters. “Number one, he has some obligations that he has going forward, as you guys know. But it’s really trying to find the best value and best fit for the team and not just wantonly spending in free agency.”
Zach Links contributed to this post.