Charlotte will front $650 million of the renovation costs while David Tepper, the second-richest owner in the NFL, will pay $150 million.
Murphy is stepping down in 2025 after overseeing 12 playoff appearances and a Super Bowl victory since he took over in 2008.
Buggs has been arrested multiple times since joining the Chiefs in January.
There's no better time to deliver some fantasy football hot takes, starting off with one about popular Bills rookie Keon Coleman.