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Sabres have agreement to sell team

Updated: February 2, 2011, 1:32 PM ET
ESPN.com news services

BUFFALO, N.Y. -- Sabres owner Tom Golisano agreed to sell the NHL franchise to Pennsylvania businessman Terry Pegula on Tuesday.

The team announced the agreement, but details were not released. Golisano and managing partner Larry Quinn have scheduled a news conference for Thursday.

ESPN.com's Pierre LeBrun previously reported the agreement, which is subject to league approval, includes $175 million for the Sabres and an additional $14 million in liabilities.

Golisano's purchase ...

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