Sabres owner Pegula buys NFL player agent firm

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BUFFALO, N.Y. (AP) -- Buffalo Sabres owner Terry Pegula continues to expand his sports empire by acquiring the NFL's high-profile player agent firm run by Todd France.

Pegula's purchase of the Atlanta-based France AllPro Athlete Management firm was announced in a press release issued by both the Sabres and the firm on Tuesday afternoon. AllPro represents more than 50 NFL players, including Baltimore running back Ray Rice.

It's estimated that the firm has negotiated more than $1 billion in player contracts since 2005.

France will maintain his role as the agency's president and CEO.

Pegula is a Pennsylvania billionaire, who made his fortune in the natural gas industry. He purchased the Sabres in February. Last year, he donated $88 million to help establish a hockey program at Penn State, his alma mater.