NFL owners reportedly agreed to a $450 million debt waiver for Washington Football Team majority owner Daniel Snyder that will allow him to buy out the 40.5 percent of the team currently owned by minority owners Fred Smith, Dwight Schar and Bob Rothman.
According to that NFL.com report, the trio sued Snyder in a federal court last November, looking to obtain an injunction that would permit them to sell off their shares of the franchise. Buying out their shares would give Snyder sole control over the franchise.
This article will be updated to provide more information on this story as it becomes available.