What happened: The Seattle Seahawks announced an agreement to sell the franchise to a group led by Vinod Khosla for $9.612 billion. The team's confirmation follows earlier reports from ESPN and multiple outlets on the deal terms. NFL owners are scheduled to vote on the sale at a special meeting Aug. 26.

Why it matters: The price sets a new record for an NFL franchise sale, topping the Washington Commanders' 2023 deal by more than 50%. Khosla currently holds a limited-partner stake in the San Francisco 49ers, which he must give up to complete the Seahawks purchase. Ownership change carries no immediate on-field impact until it clears the Aug. 26 vote.

What to watch: NFL owners vote on ratifying the sale at the Aug. 26 special meeting.