What happened: A group led by San Francisco 49ers limited partner Vinod Khosla has agreed to purchase the Seattle Seahawks for $9.6 billion, according to Adam Schefter and Seth Wickersham. The figure is a record sale price for an NFL franchise.

Why it matters: Khosla, already a limited partner with the 49ers, would take control of a second NFC franchise under the agreement. The price tops prior NFL sale benchmarks, reflecting the league's continued valuation surge.

What to watch: The sale requires NFL ownership approval before it can close.