Boston Celtics minority owner Steve Pagliuca offered to acquire the Connecticut Sun and move the team to Boston in a deal that values the team at a record $325 million, according to people familiar with the agreement.

Boston Celtics minority owner Steve Pagliuca said the potential deal to buy the Connecticut Sun for a record amount and move the team still needs approval from the WNBA Board of Governors

The league still must approve the sale, which will be for a record $325 million, and declared Saturday nine other cities which sought WNBA expansion franchises "have priority over Boston."