BUFFALO, NY- Buffalo Sabres owner Terry Pegula has bid more than $1 billion in his initial bid for the Buffalo Bills, according to a report in the New York Post.
2 On Your Side's Adam Benigni had previously confirmed through sources that Pegula had submitted a bid by the 5:00 p.m. Tuesday deadline.
Pegula has never officially voiced his interest in bidding for the Bills, but he recently hired an investor who has a history of negotiating sport franchise sales.
Terry Pegula and his wife Kim have previously said they're interested in keeping the team in Western New York.
The Pegulas are not the only party to make a bid for the Bills. A source confirmed to 2 On Your Side that Donald Trump has made a bid for the team.
A source has also confirmed a report by Toronto Sun columnist John Kryk that Bon Jovi has submitted a bid.
Former Sabres owner Tom Golisano has previously expressed interest in a bid, but it is unknown if he submitted an initial bid by the deadline.