AP source: Loria has preliminary agreement to sell Marlins (Yahoo Sports)

A person with direct knowledge of the negotiations says Miami Marlins owner Jeffrey Loria has a preliminary agreement to sell the team to a New York businessman, but the deal could fall through because the final purchase price hasn't been determined. The person spoke to The Associated Press on condition of anonymity Thursday because the Marlins have not commented publicly on the negotiations. The preliminary agreement was for a purchase price of about $1.6 billion, the person said, but added that was before the prospective buyer did due diligence.