Thursday July 31st, 2014

According to various reports, Buffalo Sabres owner Terry Pegula reportedly bid $1.3 billion Tuesday on the Buffalo Bills, Jon Bon Jovi's Toronto-based group bid $1.2 billion, and Donald Trump bid $1 billion. But Tim Graham of the Buffalo News reports he's been told every bid number reported so far is wrong.

In the case of the alleged $1.2 billion bid, Graham said he was told the reported amount is "quite higher than reality." 

Graham also notes that any bids that were submitted on Tuesday were non-binding, and that the best offers are still to come. 

Pegula and Donald Trump have both been confirmed by Graham as bidders, and Graham has reported that they submitted notices-of-intent.

Trump recently said he thinks it is unlikely that he will win. 

More: Report: Bills expected to sell for at least $1.1 billion

- Molly Geary

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