UPDATE: It's done. Here's the press release:

pic.twitter.com/wFvTxdUP9s

— Washington Redskins (@Redskins) July 13, 2020

Via the Washington Post, a change no one expected in Dan Snyder's lifetime:

The Washington Redskins plan to announce Monday morning that they will change their team name, three people with knowledge of the situation confirmed Sunday night. The team is not expected to reveal a new name until a later date.

Monday’s anticipated announcement comes after the organization released a statement July 3 saying it would be undertaking what it called a “thorough review” of the team’s name; multiple people familiar with the process have said that it would result in the name being changed. In an interview July 4, Coach Ron Rivera — who is working with owner Daniel Snyder to choose a name — said he hoped the new name would be in place by the start of the 2020 season. Others have said it will be revealed as soon as within two weeks.

Two people with knowledge of the team’s plans said Sunday that the preferred replacement name is tied up in a trademark fight, which is why the team can’t announce the new name Monday.

Sports Business Journal was first to report Sunday night that the announcement of the name’s retirement would come Monday morning.