The Minnesota Twins announced Thursday that they are for sale, potentially ending one of the longest-tenured ownerships in Major League Baseball.

The Pohlad family, which bought the Twins for $44 million in 1984, said it has retained Allen & Company, the investment banker that commonly facilitates sales of sports franchises. The Twins are estimated to be worth between $1.5 billion and $2 billion.

“After months of thoughtful consideration, our family reached a decision this summer to explore selling the Twins,” the team said in a statement. “As we enter the next phase of this process, the time is right to make this decision public.”

Since moving to Minnesota from Washington, D.C., in 1961, the Twins have been owned only by Calvin Griffith and the Pohlads, whose patriarch, Carl, purchased the team and passed it to his son Jim. It is currently controlled by his grandson Joe.

Only the New York Yankees, Chicago White Sox and Philadelphia Phillies have been under the same ownership for longer than the Twins.

The Pohlads found great success early in their tenure, winning the World Series in 1987 and 1991. By 2001, though, MLB was threatening to contract them and the Montreal Expos because of financial troubles in the sport — a spurious plan that eventually faded.

While the Twins have found regular-season success this century — they’ve made the postseason 10 times in 25 tries — they haven’t advanced past the division series since 2002 and are coming off a disappointing 82-80 season during which a 9-18 collapse in September kept them from the postseason.

The most recent sale of an MLB team — the Baltimore Orioles to David Rubenstein over the summer — was valued at $1.725 billion. Prior to that, the last sale had been Steve Cohen’s $2.4 billion purchase of the New York Mets in 2020.

The Los Angeles Angels and Washington Nationals have explored sales in recent years but pulled their teams off the market. The collapse of a majority of the regional sports networks that have injected billions of dollars into the industry annually has fomented financial uncertainty within the sport. The Twins are among the teams that have been affected, and it was announced this week that MLB would produce and broadcast Twins games next season.

Major League Baseball’s qualifying offer for this offseason will be the highest ever at $21.05 million, sources told ESPN on Thursday.

The qualifying offer is a one-year contract that teams can offer qualified free agents. If the player turns it down and signs with another team, the original team receives various forms of draft pick compensation. Players can be offered the qualifying offer once in their career and need to have played the previous season with one team to qualify. Teams must make their decisions by five days after the World Series ends.

The qualifying offer is calculated as the average of the top 125 salaries in the league. It was $20.325 million last offseason and rises most years.

Last offseason, zero players accepted the qualifying offer. This offseason, there are a number of players extremely likely to receive and turn down the qualifying offer, such as Juan Soto, Pete Alonso, Corbin Burnes, Alex Bregman, Willy Adames and Max Fried.

Los Angeles Dodgers pitcher Jack Flaherty isn’t eligible because he was traded this season by the Detroit Tigers, while San Francisco Giants pitcher Blake Snell isn’t eligible since he received the qualifying offer last offseason from the San Diego Padres.

The Tampa Bay Rays said it may take weeks to fully assess how much damage was done to Tropicana Field, which saw its roof ripped to shreds by the force of Hurricane Milton as the deadly storm barreled across much of Florida.

The team said no one was injured when the St. Petersburg ballpark was struck by the storm Wednesday night. A handful of “essential personnel” were inside Tropicana Field as the roof panels were blown apart, with much of the debris falling on the field and seats below.

“Over the coming days and weeks, we expect to be able to assess the true condition of Tropicana Field,” the Rays said Thursday. “In the meantime, we are working with law enforcement to secure the building. We ask for your patience at this time, and we encourage those who can, to donate to organizations in our community that are assisting those directly impacted by these storms.”

Milton was the second hurricane to hit Florida’s Gulf Coast in the span of two weeks, preceded by Hurricane Helene, which flooded streets and homes on that same side of the state and left at least 230 people dead across the South.

The Rays aren’t scheduled to play in the ballpark again until March 27, when they are supposed to host the Colorado Rockies to open the 2025 season.

For as bad as the damage was, the situation at Tropicana Field could have been worse. Florida Gov. Ron DeSantis had said earlier in the week that there were plans for the ballpark to serve as a “temporary base camp” to support debris cleanup operations and temporarily house some first responders.

Those plans, however, were changed as the storm neared, amid concerns that the roof simply would not survive Milton’s wrath.

“They were relocated,” DeSantis said Thursday morning. “Tropicana Field is a routine staging area for these things. The roof on that … I think it’s rated for 110 mph and so the forecast changes, but as it became clear that there was going to be something of that magnitude that was going to be within the distance, they redeployed them out of Tropicana. There were no state assets that were inside Tropicana Field.”

The team previously said that Tropicana Field features the world’s largest cable-supported domed roof, with the panels made of “translucent, Teflon-coated fiberglass” supported by 180 miles of cables connected by struts.

The roof was designed to withstand wind of up to 115 mph, according to the Rays. The stadium opened in 1990 at an initial cost $138 million and is due to be replaced in time for the 2028 season with a $1.3 billion ballpark.

Hurricane Milton’s wrath was felt elsewhere on the sports landscape.

The Orlando Magic are planning to spend Thursday in San Antonio and return home Friday, a day behind their original schedule for the week after playing the Spurs in a preseason game Wednesday night.

The Magic scheduled a practice in San Antonio on Thursday and have tentative plans to fly back to Orlando on Friday. A preseason game that was to be played Friday in Orlando between the Magic and the New Orleans Pelicans was canceled and will not be rescheduled.

“There’s always things bigger than the game of basketball and that’s what we have to keep our perspective on,” Magic coach Jamahl Mosley said. “Knowing that there’s families and homes and situations that are going through a tough time right now, we need to be mindful of that and conscious of it.”

The Magic-Pelicans game is the second NBA preseason matchup to be affected by Milton. A game scheduled for Thursday in Miami between the Heat and Atlanta Hawks was postponed until Oct. 16 because of storm concerns. Also called off earlier this week: a rescheduled NHL preseason game on Friday in Tampa between the Lightning and Nashville Predators — one that was originally set to be played last month and was postponed because of Hurricane Helene.

A pair of college football games are set to be played Saturday in cities that dealt with some of Milton’s worst wind and rain, though there were some logistical issues that were still being discussed Thursday in the aftermath of the storm.

In Tampa, South Florida is preparing host Memphis — a game that was pushed back from Friday to Saturday. And in Orlando, UCF is preparing to host Cincinnati.

Both games are scheduled to have 3:30 p.m. ET kickoffs.