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Report: NFL Teams Agree to Raise Debt Limit to $500M amid Coronavirus Pandemic

Uncredited/Associated Press

The NFL and owners agreed to increase the debt limit for the league's 32 franchises to $500 million because of the financial uncertainty caused by the coronavirus pandemic.

Seth Wickersham of ESPN reported the deal was struck during a conference call Monday. The previous debt limit was $350 million.

This article will be updated to provide more information soon.

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