Daniel Snyder will soon sell the Washington Commanders, according to a report, with an announcement coming as soon as this spring.

The NFL holds its annual meeting in March.

Snyder and his wife, Tanya, announced in November they would explore a potential sale of the team through Bank of America Securities. 

The Commanders are expected to net anywhere between $5.5 billion to $6.5 billion, which would set a league record.