Buffalo, N.Y. (WKBW) - The current lease with Erie County and the Buffalo Bills is almost up. Erie County doesn't know how much it is willing to spend and is in current negotiations to keep the Buffalo Bills home for at least the next 15 years. One move the county is exploring would be a financial penalty if the team were to move within that time period.
This is the deal that Erie County Executive Mark Poloncarz is proposing. It's an attempt to ensure the Bills stay, even if they were to be sold in the near future. Many said imposing that $100 million dollar penalty might scare away would-be buyers interested in relocating the team. Cities like Los Angeles are desperately searching for a NFL franchise by a major investor there and it's no secret the Bills are on the short list.
"It's my goal to ensure that we keep this team in this community for years to come, but I'm also not going to give away the store to the Buffalo Bills and give them everything they want," Poloncarz said.
Poloncarz said he hopes to iron out major terms of the contract by training camp but the lease probably won't be signed until the end of the year. The $200 million investment by the County would go toward upgrading to Ralph Wilson Stadium. The current lease on the stadium expires at the end of next season.