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Updated: Sunday, 23 Dec 2012, 8:43 AM EST
Published : Saturday, 22 Dec 2012, 7:45 PM EST
ORCHARD PARK, N.Y. (WIVB) - The Buffalo Bills will in fact be Western New York's football team and call Ralph Wilson Stadium home for several more years.
Russ Brandon, Buffalo Bills CEO says, "Today is a significant step in securing the long term future of the Buffalo Bills in Western New York."
The deal also calls for $130 million dollars in renovations to the Ralph. If the team were to break the contract, the team would be subject to a $400 million dollar fine; just over half the team's total value according to Forbes.
But one of the more interesting comments from Friday's announcement came from Governor Andrew Cuomo about the future home of the Bills plans.
Governor Cuomo says, "Exploring options for a new stadium down the road, if that is financially feasible and intelligent from a development point of view."
News 4 talked to Mayor Brown about the Bills moving back to Buffalo who said he would love to see it.
"I think the fact that there's an open door to the possibility of building a new Bills stadium at some point is great news, very happy to hear that. Certainly as the Mayor of Buffalo, I'd love to see that somewhere in Buffalo," said Mayor Brown.
You may remember in October two developers approached the Buffalo Common Council on building a new stadium downtown along the outer harbor.
Their $72-thousand seat retractable roof stadium plans include a convention center, and a museum.
"If and when we get to that possibility, wherever it could fit, would be the great place for a new Bills stadium," said Mayor Brown.
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