Latest On Raiders, Las Vegas

The city of Oakland (and Alameda County) doesn’t want to see their beloved Raiders relocate to Las Vegas. As a result, the Oakland City Council and Alameda County Board of Supervisors will vote next week on a term sheet regarding a potential $1.3-billion stadium, writes Nathan Fenno of the Los Angeles Times. The vote is expected to come on Tuesday, and the rest of the NFL’s owners will hear an updated relocation plan on Wednesday.

Las Vegas Raiders (featured)“This term sheet agreement puts Oakland in the running to keep the Raiders in a way that is responsible to the team, the league, the fans and the taxpayers,” Oakland Mayor Libby Schaaf said.

Unfortunately for Oakland fans, Fenno notes that the updated plan isn’t likely to have the support of the Raiders organization. For what it’s worth, the Nevada Legislature has given the go ahead on $750 million worth of public funding for a new stadium. The Raiders will need to get approval from 24 of the NFL’s 32 owners in order to relocate to Las Vegas.
Tom Pelissero of USA Today passes along some details (via Twitter) on Oakland’s plan to prevent the Raiders from leaving. In short, the city would commit $200MM to the new stadium project, with the rest of the money coming via private developers. Meanwhile, Vincent Bonsignore of the Los Angeles Daily News relays (via Twitter) that two “high-ranking NFL sources” described the Oakland proposal as “a joke.”

Photo courtesy of USA Today Sports Images.

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