A group of business executives with ties to the state of New York have a deal in place to buy 10.6% of the Bills alongside Arctos Partners, sources said, which will take 10% of the team if NFL owners approve the deal as expected.

Both the Bills’ proposed transaction and the Dolphins’ plans to sell 10% to Ares Management -- the first two deals permitted under the NFL’s new policy allowing institutional investment in teams -- are on the agenda for Tuesday’s NFL finance committee meeting, indicating a high probability of winning final approval from owners in December.