The Tampa Bay Rays will be sold to developer Patrick Zalupski and his group for approximately $1.7 billion, with the sale possibly finalized before the end of t

After 20 years as principal owner of the Tampa Bay Rays, Stuart Sternberg is set to sell the team to Jacksonville developer Patrick Zalupski for about $1.7 billion. The deal has been agreed to in principle and could be completed as soon as September, The Athletic reported on Monday afternoon.

Stu Sternberg has agreed in principle to a $1.7 billion deal to sell the Rays to a group led by a Florida-based developer Patrick Zalupski.