NFL Rumors: Commanders Sale Vote Won't Be Held This Month amid Josh Harris Agreement

While the Washington Commanders and the bidding group led by Josh Harris have reached a purchase and sale agreement, NFL owners will not vote on the franchise's sale during league meetings next week in Minnesota, per ESPN's John Keim.

The sale needs to be approved by 24 of the league's 32 owners to be completed.

"The league staff and finance committee will continue to review the details of the transaction," NFL executive vice president of communications, public affairs and policy Jeff Miller said. "We will provide membership with an update in Minnesota."

The Commanders announced last week that team owners Daniel and Tanya Snyder had entered into a purchase and sale agreement with the Harris-led bidding group, which includes NBA legend Magic Johnson and billionaire businessman Mitchell Rales.

"We are very pleased to have reached an agreement for the sale of the Commanders franchise with Josh Harris, an area native, and his impressive group of partners," the Snyders said in a statement. "We look forward to the prompt completion of this transaction and to rooting for Josh and the team in the coming years."

The Harris consortium, which was considered the "only" serious bidder for the Commanders, submitted a $6 billion bid to purchase the franchise in March, ESPN's Adam Schefter reported.

Daniel and Tanya Snyder announced in November that they had hired Bank of America Securities to consider possible transactions related to the franchise after facing pressure to sell the team.

While the NFL is not forcing the Snyders to sell the Commanders, tensions surrounding the longtime owners have risen over the years amid a tenure that has included investigations into alleged workplace misconduct and financial improprieties.

Former United States Securities and Exchange Commission chair Mary Jo White is currently leading an investigation into sexual misconduct allegations against Daniel Snyder and is also investigating allegations of financial improprieties made by the U.S. House Committee on Oversight and Accountability.

Daniel Snyder purchased the Commanders for $750 million in 1999. With the franchise set to sell for more than $6 billion, it will set an NFL record, surpassing the $4.65 billion Walmart heir Rob Walton paid for the Denver Broncos.