A Jacksonville group led by billionaire Patrick Zalupski is in advanced talks to buy the Tampa Bay Rays, as reported first by Sportico. The deal reportedly values the team at roughly $1.7 billion.

A group led by Florida developer Patrick Zalupski is in exclusive talks to purchase the Tampa Bay Rays for $1.7 billion. Rays principal owner Stu Sternberg bought the team in 2004 for $200 million.

USA TODAY NETWORK - Florida AI-assisted summary The Tampa Bay Rays are in exclusive sale talks with a group led by Jacksonville developer Patrick Zalupski for $1.7 billion.