See which NFL team was sold for 1 billion

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See which NFL team was sold for 1 billion

From Comcast SportsNet
BEREA, Ohio (AP) -- The new owner of the Cleveland Browns is watching his first practice. Tennessee truck-stop magnate Jimmy Haslam III walked to the middle of the field Friday with team president Mike Holmgren and general manager Tom Heckert for his first glimpse at what 1 billion can buy. Haslam was wearing shorts on a hot, humid morning. Randy Lerner reached a deal Thursday to sell the club to Haslam, a minority stockholder in the rival Steelers. Haslam must divest his interest in the Steelers and also gain approval for the purchase from the NFL. Haslam, who planned to hold a news conference later Friday, promised Lerner the franchise won't be relocated. Haslam arrived in Cleveland late Thursday and dined with Holmgren. "He had done a lot of work on the Browns and the city of Cleveland," Lerner said Thursday, "and first and foremost gave me his personal assurance the team would remain in Cleveland." Lerner will sell 70 percent of the Browns to Haslam now, with the other 30 percent reverting to him four years after the closing date, a person with knowledge of the sale told The Associated Press on condition of anonymity because details have not officially been announced. "This is a very exciting time for my family and me," Haslam said through the team. "To own such a storied franchise as the Cleveland Browns, with its rich tradition and history, is a dream come true. We are committed to keeping the team in Cleveland and seeing it get back to the elite of the NFL -- something all Browns fans want and deserve." While the papers have been signed, the NFL still must sign off on the deal. Getting the nod from 24 of the 32 teams is required, and no date has been set for a vote because the sale has not been presented to the league yet. The person with knowledge of the sale said approval is expected by the end of September. ESPN reported the sale price was more than 1 billion. For comparison, the Miami Dolphins sold at a value of more than 1 billion in 2009. The Browns were valued at 977 million last year by Forbes magazine, 20th in the NFL. Asked if he was surprised by the deal, Holmgren said: "On one hand, the surprising part was the time of the year. But in this business, I gave up being surprised a long time ago." Lerner, whose family has owned the franchise since it returned to the NFL in 1999, first announced he was in negotiations to sell the club last week. The late Al Lerner, Randy's father, purchased the franchise from the NFL in 1998 for 530 million after the original Browns moved to Baltimore in 1996 and became the Ravens. The elder Lerner died in 2002. Randy Lerner also is the owner of Aston Villa, a club in the English Premier League. The expansion Browns entered the NFL in 1999 and have made the playoffs just once, a 2002 first-round loss to the Pittsburgh Steelers. They've had only two winning records in 13 seasons and are 68-140 since they returned. Even with a string of failures on the field, the value of the Browns -- like other NFL franchises -- keeps increasing, boosted by broadcast income. The league agreed in December to nine-year contracts with CBS, Fox and NBC that run through the 2022 season and will boost revenue from the 1.93 billion last season to 3.1 billion by 2022. The NFL reached an eight-year extension with ESPN last year through the 2021 season that increases the rights fee from 1.1 billion to 1.9 billion annually. Haslam has been a minority investor in the Steelers since 2008, and is the president and CEO of Pilot Flying J, the largest operator of travel centers and travel plazas in North America. He is the older brother of Tennessee Gov. Bill Haslam. According to a 2010 profile on Steelers.com, Haslam has been a Dallas Cowboys fan and then an Indianapolis Colts fan. But with the Pittsburgh investment, Haslam said he had become "1,000 percent a Steelers fan." The Haslam brothers are supporters of the University of Tennessee, where their father Jim Haslam played tackle on the 1951 national championship football team under Gen. Robert R. Neyland, who built the Volunteers into a football powerhouse. The elder Haslam founded the Pilot Corp. in 1958 with a single gas station in Gate City, Va. He credits sons Bill and Jimmy with expanding the chain from mostly gas stations and convenience stores to a "travel center" concept of truck stops featuring branded fast food service. As for Haslam possibly moving the franchise, Holmgren emphatically added, "The Cleveland Browns aren't going anywhere." But the current staff might be if the Browns don't do better than the 4-12 record of 2011, Pat Shurmur's first season as coach. New owners usually bring in their own management team, although Shurmur has impressed many people around the league. "I have no fear about any of that because I trust my coaches, I trust the players and I've watched the work they've done based on the conversation of this last week," Shurmur said Thursday. "I think we're moving full steam ahead. That doesn't bother me one bit at this point at this point. My concern is getting this team ready to play and our players understand that message and they are doing a good job." Holmgren would not address his future with the Browns. "Honestly, my focus is to have guys here concentrating on football, making it business as usual," he said. "The what ifs and hypotheticals, I have to stay away from." Haslam would be the sixth majority owner of the Browns: team founder Mickey McBride (1945-1953), David Jones (1953-1961), Art Modell (1961-1995), Al Lerner (1998-2002), and Randy Lerner (2002-present). An NFL trust also oversaw the inactive franchise from 1996-1998. Cleveland last won the NFL championship in 1964, beating Johnny Unitas and the then-Baltimore Colts 27-0. The Browns have never been to the Super Bowl.

Bruins will select 14th overall in first round

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Bruins will select 14th overall in first round

The Boston Bruins basically had a three percent of moving up into the top three of the NHL Draft Lottery on Saturday night, but they didn’t strike it draft rich when it was all said and done up in Toronto.

With Bruins general manager Don Sweeney in attendance representing the Original Six franchise, the Black and Gold were the first team logo selected in the draft lottery meaning they will own the 14th overall pick in the first round for the second straight summer.

Instead the Toronto Maple Leafs will select first overall after putting together the worst record in the NHL last season, and the Winnipeg Jets and Columbus Blue Jackets won the lottery to move up into the second and third slots in the draft.

This marks the sixth time in franchise history that the club has owned the 14th overall selection in the NHL Draft. The Bruins drafted Jake DeBrusk 14th overall last summer in Florida at the 2015 NHL Entry Draft, Stephane Quintal 14th overall in the 1987 NHL Entry Draft, Normand Leveille 14th overall in the 1981 NHL Entry Draft, Douglas Halward 14th overall in the 1975 NHL Amateur Draft and Terry O’Reilly 14th overall in the 1971 NHL Amateur Draft.

Based on finishing with the highest point total of all non-playoff teams for the second straight season, the Bruins owned a 1.0% chance of winning the 2016 Draft Lottery overall and a 3.4% chance of securing a top-three pick.

The 2016 NHL Draft will take place on June 24-25 at the First Niagara Center home of the Sabres in Buffalo just a couple of months from now, and the Bruins also own the first round pick of the San Jose Sharks that will end up somewhere in the 20’s based on the fact they’re still currently alive in the playoffs.

Patriots select Arizona State WR Lucien in seventh round

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Patriots select Arizona State WR Lucien in seventh round

The Patriots haven't had a ton of success drafting wide receivers in recent years, but one of their few home runs came in the seventh round back in 2009. 

No one will expect Devin Lucien to produce at the same level as Julian Edelman, but if he can provide the Patriots with some measure of depth after being selected with the No. 225 pick overall on Saturday -- the team's final pick of the draft -- it would be considered good value. 

The 6-foot-2, 195-pounder transferred from UCLA to Arizona State for his final collegiate season when he recorded 66 catches for 1,074 yards and eight touchdowns. In his last three games, he racked up 534 yards and five scores, firmly establishing himself as a draftable prospect. 

Pro Football Focus game Lucien a third-round grade going into the draft and said he "may have the best hands" in the class. According to PFF, he dropped just five passes in the last two seasons. 

Though he has good size and he tested well at his pro day (4.42-second 40-yard dash), he's considered to have underwhelming speed. Still, given his collegiate numbers and his dependable 10-inch mitts, he was certainly worth a flier late on Day 3. 

Lucien joins Malcolm Mitchell of Georgia (fourth-round) as the two receiver prospects selected by the Patriots in this year's draft class. The pair will compete for time with veterans Juilan Edelman, Danny Amendola, Chris Hogan, Keshawn Martin, Nate Washington and second-year wideout Chris Harper.