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The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

What is next for the Buffalo Bills?

Buffalo, N.Y. Buffalo Bills owner Ralph Wilson Jr. has died.

Now the ownership of the team will be passed to his family.

According to people closely associated with the team, it was Wilsons wish that the team be sold after his death.

When that happens, the new owner is still obligated by the terms of the lease at Ralph Wilson Stadium.

There is a 10-year lease agreement.

If the new owner desired to move the team, they would be obligated to a $400 million buyout in year seven.

The news of Wilsons death came on the same day the Buffalo Bills showed off renovations to the stadium named in the honor of Ralph Wilson.

The renovations are the most extensive in the stadiums 40-year history. 

READ MORE: 

Photos of his life: CLICK HERE
Statement from the Bills: CLICK HERE

 
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