Cleveland will win the WNBA’s 16th franchise, according to the Sports Business Journal, with a bid approaching $250 million. The franchise will keep its old nickname of the Cleveland Rockers. The Charlotte Sting also wants to resurrect its name and franchise.

The city of Cleveland is expected to land a new WNBA franchise, according to a report by the Sports Business Journal. An announcement could be made by the end of March. The bid for the franchise was reportedly a league-record $250 million,

The WNBA is reportedly gearing up to announce its next expansion franchise, with Cleveland leading the charge.