The Cleveland Browns and Indianapolis Colts are among those who are expected to join forces in a bidding war to land the 2018 football Super Bowl.
Bid terms were not disclosed by the NFL, but the Browns are reportedly looking for a minimum of $1.3 billion and an estimated $2.2 billion in guarantees, according to ESPN’s Adam Schefter.
The Colts, meanwhile, are in talks with a potential bid of up to $1 billion, but have yet to make a final decision, according with Schefter’s sources.
The Browns and Colts have been in discussions since last spring, and are reportedly preparing for an official bid announcement next month, according Schefter, who reported the news.
The Browns and the Colts are the only teams that have yet made an official proposal.
The Cleveland Browns have the right to bid on the 2018 season as the owner of the Browns and owner of football team, according NFL Commissioner Roger Goodell.
The Colts are in charge of the team and its operation, which includes the Cleveland Browns.
The bidding battle could help Cleveland win the franchise tag, a rule that requires teams to offer up to five years and $80 million in guaranteed money in exchange for a franchise tag.
The rules are set to expire at the end of the 2018 NFL season.
A league source told ESPN’s Mary Kay Cabot on Tuesday that the Colts and the Browns were in talks about a bid, and a final bid is expected to be announced next month.
The bid battle could also help the Browns win a franchise-tag renewal, which allows the team to extend its contract through the 2019 season.
The Bengals, who also would like to land a franchise, could also bid for a team with a guaranteed amount of money.
Biden is expected in New York City next week to sign an extension that would keep him in the city through 2019.