Latest On Commanders Extension Talks, Front Office Moves
The Commanders have a number of players heading into contract years, including Montez Sweat and Chase Young. We previously heard that the team’s talks with Sweat were on hold following Josh Harris‘ purchase of the team, but Ron Rivera hinted that extension talks with impending free agents could soon resume.
[RELATED: Commanders’ Montez Sweat Extension Plans On Hold]
Speaking to reporters (including ESPN’s John Keim), the Commanders head coach revealed that the coaching staff and front office continues to prepare for negotiations as ownership settles.
“There’s a lot to do,” Rivera said. “To assume anything will happen immediately is unfair; they are still learning and understanding us. We’re still talking with them and trying to get things lined up and in order.”
While the two pass rushers are the most notable players with expiring contracts, the Commanders have other extension-worthy players. This grouping includes running back Antonio Gibson, cornerback Kendall Fuller, and wide receiver Curtis Samuel.
Among the team’s impending free agents, Sweat seems like the most likely to re-sign. Keim previously noted that the Commanders would like to extend the edge rusher. Young’s future with the team is in question after the organization declined the former second-overall pick’s fifth-year option. The Commanders will presumably let Young play out the 2023 campaign before deciding how to proceed.
While the team may be taking their time with player extensions, the Commanders have been busy adding to their front office. With Harris officially taking over the organization, the owner has made his first splash, hiring Craig Fischer as CFO (per Nicki Jhabvala and Mark Maske of the Washington Post). Meanwhile, former Atlanta Hawks COO/MetLife Stadium visionary Thad Sheely has been brought on as a consultant, per Jonathan Jones of CBS Sports (via Twitter). Jhabvala adds (on Twitter) that Sheely has been brought in to advise “on real estate and stadium matters.”
NFL Approves Josh Harris As Commanders Owner
JULY 21: The sale has gone through, as first reported by Ben Fischer of the Sports Business Journal (on Twitter). Harris is now in place to move forward with his latest venture as a new era dawns for the Commanders.
JULY 20: The Commanders’ sale process has officially reached its conclusion. NFL owners approved the purchase of the franchise by Josh Harris during their special league meeting on Thursday, per ESPN’s Adam Schefter (Twitter link).
To no surprise, the vote amongst the owners was unanimous, something which has been expected throughout this process and which was recommended by the finance committee earlier this week. Today’s news marks a turning point for a franchise which has been plagued by scandals and poor on-field performances, while adding a highly-experienced member to the ownership ranks. Harris will acquire his hometown team for a record-shattering price of $6.05 billion. 
Outgoing owner Dan Snyder had insisted on multiple occasions before the 2022 season that he would never sell the Commanders. That mindset began to shift in the fall, however, when reports indicated he had gathered dirt on other owners and NFL commissioner Roger Goodell with the aim of protecting himself against potential removal from his position. Colts owner Jim Irsay was particularly vocal about the desire on the part of at least some of his peers to explore what would have been an unprecedented step in voting to ouster Snyder.
Instead, Snyder began the process of exploring a sale and, soon after, bids began to come in. Harris – the runner-up to Rob Walton when the Broncos were sold last summer – quickly emerged as a serious contender to purchase the Commanders. Canadian billionaire Steve Apostolopoulos and Houston Rockets owner Tilman Fertitta also submitted bids, though many expected Amazon founder Jeff Bezos to be the favorite in this process. Instead, the latter was officially out of the running as of April.
Snyder and Harris (who also owns the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils, and had been a minority owner in the Steelers) entered into a signed, exclusive sales agreement in May. That began the vetting process for Harris and his large group of investors – one which includes NBA legend Magic Johnson, former Google CEO Eric Schmidt and Danaher Corporation co-founder Mitchell Rales. The size of Harris’ investment group, along with issues related to financing the bid, emerged as matters which needed to be smoothed out.
As that process took place, attention turned to Snyder’s status as the subject of an ongoing investigation into the Commanders’ workplace culture and allegations of financial wrongdoing. Revelations on that front further soured other owners’ opinions of Snyder, and the matter of indemnification soon emerged as a key talking point. The 58-year-old sought legal protection from the fallout of league investigator Mary Jo White’s final report. Negotiations took place through to last week, with a potential roadblock emerging to the sale going through.
Harris has indeed been rubber-stamped as owner, though, leaving Snyder with a hefty financial penalty on his way out of the league. The latter has been fined $60MM in the wake of White’s full report being made public, as Goodell repeatedly insisted would be the case (Twitter link via NFL Network’s Tom Pelissero). Snyder was found to have withheld $11MM in revenue from the league’s other teams, and to have sexually harassed a team employee, Schefter tweets.
“The conduct substantiated in Ms. White’s findings has no place in the NFL,” Goodell said in a statement (via Pelissero’s colleague Mike Garafolo, on Twitter). “We strive for workplaces that are safe, respectful and professional. What [former Commanders staffer] Ms. Johnston experienced is inappropriate and contrary to the NFL’s values.”
Snyder’s fine will resolve all outstanding issues with the NFL, putting an end to his 24-year ownership tenure. Harris will be tasked with turning the page for one of the league’s most historic teams, one which has seen little in the way of regular or postseason success in the past quarter-century. He should be in place as owner in time for the opening of training camp next week, though he is not expected to make signficant front office or coaching changes immediately upon arrival in his new position.
Thursday’s news marks a new high-mark in terms of franchise valuation, and has seen the league go to unprecedented lengths in terms of discipline of an owner. This lengthy saga has now crossed the finish line, however, with cause for optimism in place in the nation’s capital moving forward.
“From day one, it is our top priority to deliver you a championship caliber team, and we will strive every day to ensure that we are a franchise you can be proud of,” a statement from Harris reads in part. “To Commanders fans everywhere, our promise is simple: we will do the work, create the culture and make the investment needed to deliver for this team and for Washington.”
NFL Finance Committee Recommends Approval Of Commanders Sale
JULY 20: In advance of the finance committee’s in-person meeting, Maske and Jhabvala noted that its informal vote produced a 7-0 result. As a result, confidence remains high that the full owners’ meeting will produce a unanimous approval of the sale later today.
JULY 18: In advance of the special league meeting during which owners will vote on the proposed sale of the Commanders to Josh Harris, the NFL’s finance committee has set the stage for ratification. An informal meeting amongst the group removed the two remaining potential obstacles to approval.
Mark Maske and Nicki Jhavbala of the Washington Post report that the finance committee gathered remotely and conducted a ‘straw poll’ on the matter of the impending $6.05 billion sale from Dan Snyder to Harris. Not all eight members took part, but the result amongst those who did was a unanimous recommendation of approving the sale. When all league owners meet in person on Thursday in Minneapolis, the expectation remains that the Harris purchase will go through.
A potential roadblock to that development emerged last week, with the issue of indemnification relating to Snyder and the rest of the league regarding the ongoing Jon Gruden lawsuit representing a threat to the sale. On that point, though, the Post reports that an agreement has been reached which will resolve the matter, paving the way for approval of the sale. That process will see the record for North American sports franchise sales broken for the second consecutive summer, and allow Harris to add an NFL team to his name (in addition to the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils).
An official vote by the finance committee is set to take place on Thursday not long before the full league meeting. Owners are expected to follow the committee’s recommendation, and there has been little to no doubt during this process that the minimum 24 ‘yes’ votes will be attained for the sale to go through. Ratification will pave the way for Harris’ group to assume control of the franchise in time for the opening of training camp next week.
Notably, the Post report adds that Snyder recently spoke with investigator Mary Jo White concerning her ongoing investigation into him and the Commanders. The much-anticipated report from White could be released shortly after the sale goes through, and NFL commissioner Roger Goodell has committed to making the findings public. The league has received renewed pressure to release the report upon completion, and Snyder’s remarks will no doubt be a point of interest once they are revealed.
With the ratification vote still on track, the Snyder era remains set to come to an end later this week. Harris is not expected to make any substantial changes upon taking charge of the franchise, one which will again be the subject of plenty of attention in the coming days.
No Issues Expected In Upcoming Commanders Sale Vote
July 20 looms as the date at which NFL owners will convene to vote on the sale of the Commanders to Josh Harris. Issues with his historic bid to purchase the franchise have been detailed in recent months, but they are not poised to interrupt or threaten the sale being approved.
Last month, the NFL scheduled a special league meeting for July (the earlier of the two proposed dates) to bring the sales process across the finish line. As has been the case since Harris entered into an exclusive agreement with outgoing owner Dan Snyder, the expectation remains that the league’s finance committee will provide a unanimous recommendation for the owners to approve the sale.
On that point, Mark Maske of the Washington Post reports (via Twitter) that the situation is “right on course” as the vote approaches. Concerns have been raised with respect to matters such as financing Harris’ $6.05 billion purchase (comfortably the largest sum paid for a North American sports franchise) and the size of his investment group, but the league has been eager to smooth them over in their attempt to oust the embattled Snyder. The ratification vote taking place as planned would, of course, mean the outstanding problems concerning the Harris takeover have been fully resolved.
Another matter to monitor is the status of the Mary Jo White report into the Commanders’ workplace and allegations of financial improprieties. With the ratification vote imminent, the league is facing a new round of pressure to release the findings of the report, something commissioner Roger Goodell has publicly committed to doing. The same was not true of the Beth Wilkinson-led investigation into Snyder and the team in 2021, one which resulted in a fine and suspension for the much-maligned owner.
With the transition to Harris all-but assured, questions have also been raised regarding the organizational changes the Philadelphia 76ers and New Jersey Devils owner could make. The team’s front office and coaching staff appear to be safe for now, as Harris may be best suited to take a patient evaluation approach while coming into power not long before the start of his first season at the helm. His tenure as owner should still be expected to commence later this month with no hurdles left to clear.
Josh Harris Not Expected To Make Major Changes Following Commanders Sale
Josh Harris will officially become the Commanders owner later this month. While Daniel Snyder‘s sale of the team will surely have a long-lasting impact on the organization, the new owner isn’t expected to make any immediate changes.
[RELATED: Date Set For Vote On Commanders Sale Ratification]
According to Ben Standig of The Athletic, Harris isn’t expected to “make major staff changes” when he officially takes over the organization. This includes the job status of team president Jason Wright, with a source telling Nicki Jhabvala and Mark Maske of the Washington Post that Wright will “absolutely have the opportunity to perform in his role.”
Wright was hired by the Commanders in 2020, becoming the first Black team president in NFL history. As Jhabvala and Maske write, the executive was hired to “improve the workplace culture of a franchise embroiled in controversy,” and Wright did help navigate the organization through multiple investigations and eventual “senior business personnel” overhauls.
The team president has also faced criticism, mostly when it comes to near-league-bottom ticket sales over the past two years. Wright also drew some ire when it came to the Commanders’ “missteps in honoring the late Sean Taylor, a bounced raffle check and the tepid public response to its new name.”
Harris isn’t expected to shake things up, at least right away. Per Standig, the owner intends to “take his time to evaluate current staff before considering changes.” This buys executives like Wright some extra time to build a rapport with their new boss, but as Standig points out, Harris surely has “a list of potential executives to join him in Washington.”
It sounds like Harris also won’t make any rash decisions when it comes to the coaching staff and front office, including head coach Ron Rivera and general manager Martin Mayhew. Of course, considering the timing of the sale, it seemed extremely unlikely that Harris would shake up those two areas of the operation with training camp rapidly approaching.
A league meeting has been scheduled for July 20 to ratify the Commanders sale. As the Washington Post notes, Harris and his group aren’t allowed to “to speak with employees of the team about future changes” until that time.
Date Set For Vote On Commanders Sale Ratification
Not long after a pair of dates were provided to NFL owners as possible days on which a special league meeting could take place to ratify the sale of the Commanders, one has been agreed upon. The final step in the sales process now appears to be in place.
A league meeting has been scheduled for July 20, as detailed by Mark Maske and Nicki Jhabvala of the Washington Post. That represents the earlier of the two possible dates floated last week (August 8 being the other), and could allow the sale to be approved in time for the opening of training camps around the league. The Commanders’ camp opens on July 26.
It is expected the league’s finance committee will provide a unanimous recommendation to approve the sale, the Post report adds. The committee met at length with prospective owner Josh Harris and investment group member Mitchell Rales earlier this month to discuss the outstanding issues with the proposed purchase agreement. The number of investors and an ability to remain under the league’s debt ceiling have been causes for concern during the vetting process, but the scheduling of the ratification vote suggests they will have been smoothed out by next month.
Harris and current owner Dan Snyder reached an exclusive agreement on a sale in May. The $6.05 billion price tag will comfortably surpass that of Rob Walton‘s Broncos purchase last summer and thus set a new North American sports record for franchise sales. It will also represent an end to Snyder’s much-maligned tenure at the helm of the Commanders, one which has been marked by a number of investigations into toxic work environments and financial improprieties.
A probe led by NFL investigator Mary Jo White into Snyder and the Commanders remains ongoing, but it could conclude in time for the ratification vote. The findings of that investigation are set to be made public, and the Post notes that they could result in commissioner Roger Goodell imposing a fine on the team. Issues of indemnity regarding Snyder and the other owners have been a sticking point over several months, but the eagerness to remove the former from the league has long been a driving force during the sales process.
At least 24 votes will be required to approve the sale to Harris’ ownership group, something which has not been in doubt since he and Snyder first entered into a purchase agreement. With the finance committee set to compete its vetting process and present a ‘yes’ recommendation to the full slate of owners in the coming weeks, the finish line in this process is firmly in sight.
Dates Emerge For Ratification Vote On Commanders Sale
The next round of NFL owners’ meetings are not on tap until October, but the league is making preparations for a special session regarding the Commanders sale.
Owners have been informed to be available on July 20 or August 8 for a meeting that would include a ratification vote, according to the SportsBusiness Journal’s Ben Fischer (Twitter link). Vetting of Josh Harris‘ Commanders purchase is ongoing, but dates emerging certainly points to confidence the sale will be ratified by one of these two dates. Roger Goodell said recently he expects the sale to be ratified, providing a rather clear indication the item will meet the required 24 votes to pass.
Harris, who agreed to terms with Dan Snyder to buy the Commanders for a record-shattering $6.05 billion, has said he is willing to work with the league on a more amenable deal structure. Issues concerning the amount of debt held by the potential new owner, as well as some tax and incentive matters, have arisen. But the NFL owners have long been eager to finalize Snyder’s exit, opening the door for the large Harris-headed ownership group.
Harris is not believed to need to make many adjustments to his bid structure, per CBS Sports’ Jonathan Jones (on Twitter). He and group member Mitchell Rales met with the NFL’s eight-man finance committee last week, and the meeting is believed to have gone well. Signs continue to point to the Philadelphia 76ers and New Jersey Devils owner adding an NFL team to his portfolio before the start of the season.
The NFL most recently held a special session last August — for the ratification of Rob Walton‘s summer 2022 Broncos purchase. That did not encounter any speedbumps, and owners approved the Walton group’s acquisition just less than two months after the $4.65 billion bid arrived. Harris’ more complex bid structure has brought a slower-moving vet. He reached a nonexclusive agreement with Snyder in mid-April, and the parties came to terms on the exclusive deal — one the NFL is still vetting — May 12. If the NFL calls the meeting for July 20, the time between the Harris purchase and ratification will not end up being much longer than Walton’s.
Walton’s $70 billion-plus in net worth provided no liquidity-driven complications, whereas Harris’ net worth (estimated at just more than $6 billion) has required a number of investors. A prospective primary owner must be able to furnish 30% of the total sales price in cash at the time of the purchase, and while this component has added to the finance committee’s task, it would still be a shock if Harris was not ratified as the new Washington owner. While this bid structure might not be approved under normal circumstances, the owners’ chance to end Snyder’s increasingly scandal-ridden tenure running a franchise has long superseded concerns pertaining to the bid.
Latest On Sale Of Commanders
In one of our most recent updates on the situation, we mentioned a meeting between Josh Harris and the NFL owners finance committee set to take place today. The meeting with the eight-member committee did, in fact, occur today, and according to Mark Maske and Nicki Jhabvala of The Washington Post, it went very well. 
Harris attended the meeting with fellow investor Mitchell Rales. Rales, co-founder of the Danaher Corporation, is one of the group’s top investors and reportedly holds favor with the committee. Other reported investors include South American billionaire Alejandro Santo Domingo, whose family’s portfolio includes the likes of Anhueser-Busch InBev, Chilean bank Corpbanca, and Spanish bank Inmobiliaria Colonial, ex-CEO of Google Eric Schmidt, chair of the DC Open tennis tournament Mark Ein, and NBA Hall of Famer Magic Johnson.
The meeting was intended to be an opportunity for Harris to address a number of issues the committee had with his most recent proposal, namely issues concerning the amount of debt held by the potential new owner, as well as some tax and incentive issues. Maske and Jhabvala reported that the two and a half hour meeting “was productive and, barring any unforeseen setbacks, the sale is advancing toward expected ratification by the league’s team owners as soon as next month.”
In the meeting, Harris was apparently very cooperative and “continued to pledge to make the requested adjustments to his deal.” The impending ratification is contingent on Harris meeting those requests, but everyone around the situation seems nearly certain that he will be able to do that.
The next owners’ meeting isn’t scheduled to take place until October, but a call for a special session is expected to take place to assist the progress of the sale. The special session could take place as soon as late July and would require approval from 24 of the league’s 32 owners. The approval is not a main concern, as the owners generally follow the finance committee’s recommendations in situations like the sale of a franchise. The vote, theoretically, could be taken remotely, but for important matters such as this, the league tends to prefer an in-person meeting.
Part of the rush comes from the exclusivity of the deal. Harris reached a signed, exclusive agreement with current owner Dan Snyder on May 12, following the submission of a nonexclusive version of the deal to the NFL for an informal review. The exact number isn’t known but the time limit on Harris’ exclusivity is estimated to be either 60 or 90 days. Seeing as the next scheduled owners’ meeting is far beyond that deadline, the special session becomes crucial.
So, to this point, Harris and the finance committee have come to an agreement as to what will make the deal acceptable. The finance committee will meet several more times virtually to ensure that things are on track and a vote will hopefully be taken in the next 60 days. The owners are reportedly eager to approve the deal and oust Snyder, but they need Harris to meet their demands. The finish line is coming more and more into focus with each report and seems just on the horizon.
Latest On Sale Of Commanders
We had a couple of recent updates to the situation around the sale of the Commanders from Dan Snyder to Josh Harris this week. We were provided with a peek into the thoughts of the owners on one of the factors holding up the sale, as well as an update into the Brian Davis lawsuit.
The sale has been stalled lately in part due to some concerns over current requirements for franchise sales, specifically the requirement that a prospective primary owner must be able to furnish 30 percent of the total sales price in cash at the time of the purchase. There’s been some recent speculation that, due to the skyrocketing price tags on franchises, the league may rethink this stipulation. The practice was much more sensible years ago, when the Panthers sold for around $2.28 billion, but with the Commanders’ bids breaching $6 billion, the 30 percent requirement is much more difficult to manage.
According to Albert Breer of Sports Illustrated, it doesn’t sound like the current owners care. Breer reports that none of the owners he spoke with had an “appetite for changing the rule.” The owners currently believe that Harris will come up with the cash necessary and, if he does, the issue will be pushed down the road.
It could be pushed two sales down the road if the Seahawks are next on the chopping block. If presumed bidders Steve Ballmer or Jeff Bezos end up with winning bids, they likely wouldn’t have any trouble coming up with the cash. That should be a non-issue, though, as chairman of the team’s ownership group Jody Allen has confirmed that the team is still not for sale, according to Rachel Bachman of The Wall Street Journal.
In unrelated news, gaming law and sports betting attorney Daniel Wallach provided the update that Davis’s lawsuit against Bank of America has been withdrawn. Davis’s company, Urban Echo Energy, sued Bank of America claiming that they failed to present his bid to buy the Commanders to the responsible parties. Bank of America came back with allegations that the documents provided as proof of the transfer looked obviously fictitious.
It sounded like the case may reach a negotiated settlement, but with the allegedly fictitious documents in hand, it sounds like Bank of America may have earned an upper hand. The demand for the lawsuit, originally a ludicrous $500 billion, already was dropped to $990K. Bank of America did not join Urban Echo Energy in the filing of the withdrawal, so it’s unclear what the steps are moving forward. It sounds like Davis’s attorney may potentially face sanctions if the documents and claims are deemed fictitious, but in the meantime, Davis’s involvement in the sale of the Commanders has likely come to an end.
Latest On Josh Harris, Commanders Deal
As many times as it’s been said in this situation, the end seems to be drawing nigh in the sale of the Commanders from Dan Snyder to Josh Harris. The newest breakdown, provided by Mark Maske and Nicki Jhabvala of The Washington Post, details the plans of the NFL finance committee and provides an update on the progress of an indemnification agreement for Snyder.
Harris and Snyder agreed to an exclusive deal that would transfer ownership to a Harris-led group for $6.05 billion. The deal faced some hurdles, though, as the increasingly expensive price tag for NFL franchises has made it difficult for buying groups to complete purchases under the finance committee’s existing debt rules. Issues ranged from the amount of debt being taken on by Harris personally to the international source of some of his contributing investments to a reported “earnout” incentive designed to pay Snyder “an amount contingent on the franchise reaching specified financial benchmarks.”
According to Maske and Jhabvala, Harris “has given assurances that he will make the necessary adjustments…to secure the approval of the league’s franchise owners.” Harris is scheduled to have an in-person meeting with the eight-owner finance committee in New York this coming Wednesday, in which he will propose his solutions to the committee’s previous concerns and allow for further questions.
Additionally, in an effort to accelerate the progress of the deal, the finance committee has plans “to meet remotely several times in the coming weeks.” Assuming the two sides leave New York with a mutual understanding, there is hope that a vote to ratify the sale could potentially happen as soon as late-June or early-July. How soon that vote can occur also depends on whether the NFL would allow a vote to be taken remotely or if they would insist on an in-person meeting. Regardless, a possible owners’ meeting, special to this purpose, has been mentioned with a proposed date in August, as the next scheduled meeting isn’t until October.
Another hurdle the league has to overcome before the sale can be ratified is the remaining issues with Snyder as he reportedly seeks indemnification against legal and financial liability as a part of the sale. He has also supposedly beseeched the NFL to withhold the findings of their second investigation into Snyder and the Commanders being carried out by attorney Mary Jo White, although Washington denies both claims.
Regardless, Maske and Jhabvala report that a resolution of this situation was “95 percent done” as of last week. It’s unknown whether or not Harris’s group will indemnify Snyder or to what degree, but it’s common knowledge that the league’s owners have no desire to indemnify him. In fact, they want Snyder to indemnify them, a practice commonly found in previous sales.
Either way, the finish-line looms on the horizon. If the resolutions of both major impediments truly are close at hand, we may see the end of this ordeal in the weeks leading up to the 2023 NFL season. Many of the contributing sources were quick to cover themselves by adding a colloquial “it’s not over until the fat lady sings,” but it is seeming more and more that the end is in sight.