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Bills renew lease at Ralph Wilson Stadium

Team agrees to a new 10-year deal to stay in Buffalo. Terry McCormick

Print This December 21, 2012, 10:50 AM EST

The Buffalo Bills have agreed to a new 10-year lease at the stadium that bears team owner Ralph Wilson's name.

The deal contains a heavy relocation penalty, according to the Buffalo News.

The agreement will be formally announced at a press conference at Ralph Wilson Stadium.

According to the report, the deal has an interesting out clause after seven years. The relocation fee is reportedly $400 million, but after the seventh year, is curiously only $29 million.

It will be interesting to see what happens in the first seven years to see if anything triggers the Bills opting out for the $29 million should an interesting suitor, such as Los Angeles or Toronto, come calling.

Follow me on Twitter @TerryMc13

Terry McCormick covers the Titans for TitanInsider.com

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