What happened: Ian Rapoport shared a memo circulated to NFL teams detailing the agreement to sell the Seahawks to a group led by Vinod Khosla for a record $9.6 billion. The memo notifies the full league of the completed sales process and the terms reached.
Why it matters: The price stands as the largest in NFL history, resetting the franchise-valuation benchmark across the league. The memo sets up formal league-wide notice ahead of the ownership vote.
By the numbers: $9.6 billion sale price, a record for any NFL franchise.
What to watch: Owners are scheduled to vote on ratifying the sale at a special meeting Aug. 26.