SEATTLE (AP) — The Seattle Kraken ownership group, led by Samantha Holloway, announced the creation of One Roof Sports and Entertainment on Monday.

One Roof Sports and Entertainment will serve as the umbrella brand of the organization to “oversee a growing portfolio of properties and fuel new opportunities."

Holloway also announced the group has entered an agreement to purchase additional equity in Climate Pledge Arena from Oak View Group, and will make the organization the majority owner of the building. OVG will retain a minority stake.

“We’re committed to this community, and this parent brand brings together everything we’ve done, from a privately financed arena to the Seattle Kraken,” Holloway said in a statement. “Increasing our ownership in Climate Pledge Arena allows us to consolidate operations and sets us up for future opportunities. OVG is an amazing partner, and I am pleased that they will continue to operate the facility for many years to come.”

The transition of ownership of Climate Pledge Arena has been in the works for several months. The announcement also coincides with the upcoming NBA Board of Governors meeting in New York later this week.

According to the statement, One Roof Sports and Entertainment will oversee the Kraken, Climate Pledge Arena, the Kraken Community Iceplex and the organization’s interests in the Coachella Valley Firebirds of the AHL and Acrisure Arena in Palm Desert, California.

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SEATTLE (AP) — The Seattle Seahawks and wide receiver Jaxon Smith-Njigba have agreed to a four-year, $168.8 million contract extension, with $120 million guaranteed, a person with knowledge of the deal told The Associated Press on Monday.

The person spoke to the AP on condition of anonymity because the contract, which would make Smith-Njigba the highest-paid wide receiver in the NFL, hasn’t been finalized.

The 24-year-old set the team record for yards receiving (1,793) and receptions (119) in a single season en route to winning AP NFL Offensive Player of the Year award last season.

He will be under contract with Seattle through the 2031 season. The Seahawks exercised the fifth-year option on Smith-Njigba's rookie contract last week.

Smith-Njigba's new deal surpasses that of Cincinnati Bengals wide receiver Ja'Marr Chase, who signed a $161 million extension with $112 million guaranteed last March.

Smith-Njigba had nine 100-yard receiving games during the regular season and was a key to Seattle winning its second Super Bowl in franchise history. In the Seahawks’ 31-27 win over the Los Angeles Rams in the NFC championship game, Smith-Njigba had 10 catches for 153 yards receiving and a touchdown.

Overall, he has 282 receptions for 3,551 yards and 20 touchdowns in his career.

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AP Pro Football Writer Rob Maaddi in Tampa, Florida, contributed to this report.

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AP NFL: https://apnews.com/hub/NFL