I saw another post from TalkNats clarifying that the offers were in the $1.2 to $1.4 billion range, still lower than what the Lerners were hoping to receive.
I've seen speculation that Rizzo had a $20 million budget this year to add to the roster as well.
It's hard to believe that bids will go up after a year or two of not even trying to build a competitive team. 1.4 billion for a team saddled with debt and dead payroll and a loser TV deal seems like an offer they should take otherwise they are pouring more money into keeping the team afloat and likely seeing the value fall.