O n Wednesday, the Tampa Bay Rays announced that a group led by Patrick Zalupski—a homebuilding billionaire–entered exclusive negotiations to buy the team from principal owner Stuart Sternberg. The price being discussed: $1.7 billion, according to Sportico.

The Tampa Bay Rays entered advanced talks regarding the sale of the team on Tuesday. The question of where the team will end up is still the topic of discussion

Sportico reported the Tampa Bay Rays are in advanced talks to be sold to a Jacksonville group headed by Patrick Zalupski.