Richard Seymour

NFL Approves Tom Brady’s Raiders Ownership Stake

October 15th, 2024 at 9:59pm CST by Sam Robinson

Nearly 18 months after Tom Brady agreed to buy a stake in the Raiders, NFL owners have finally approved the measure. The all-time QB great-turned-broadcaster is now a part-owner of the AFC West franchise, NFL.com’s Ian Rapoport tweets.

Brady’s ownership effort receiving the necessary 24 votes Tuesday both finishes his long-running bid to become a part-owner and ensures he will not make a comeback as a player. Brady, 47, had teased the idea as being on his radar — a late-season comeback, that is — but owners were not open to the idea of the 23-year veteran being a part-owner who also plays for a team. The current lead FOX analyst is OK with this and will move into the unique position of being an NFL owner who is also a broadcaster.

Brady is in at roughly 5% of the Raiders, with SI.com’s Albert Breer noting another 5% going to business partner/Knighthead Capital Management co-founder Tom Wagner. With Wagner part of Brady’s group, the latter technically holds a 10% stake in the Las Vegas NFL franchise. Brady had recently raised his ownership bid, doing enough to move this journey into the end zone.

Providing financial details on this transaction, Ben Fisher and Austin Karp of the Sports Business Journal report the deal will see Brady and Wagner pay $220MM in equity along with $24MM which will go to the league’s other owners as a condition of the franchise’s move to Vegas. The Raiders’ valuation for the purpose of Brady and Wagner’s addition is roughly $3.5 billion, per the report. Forbes’ most recent valuation checked in at $6.7 billion.

Hall of Famer Richard Seymour, who was believed to have been separated from the Brady stake, is a part-Raiders owner at 0.5%, Breer adds. Seymour did not need to wait nearly as long as Brady did on the ownership front, with a few owners meetings coming and going without the matter being part of an official discussion. That changed Tuesday.

Mark Davis agreed to sell a stake to Brady in May 2023; the two were already partners in the WNBA, with Brady buying a piece of Davis’ Las Vegas Aces franchise. Owners took issue with Brady’s stake price and then expressed concerns about the conflict of interest FOX’s first-team color commentator also owning part of a team. The price issue was ironed out months ago, and going into this season, the NFL imposed a round of Brady-only restrictions that prevent him from attending team facilities or taking part in player and coach broadcast meetings.

The restrictions certainly limit Brady’s ability to do his FOX job, but he did not back down from this Raiders ownership pursuit. As a result, Brady will continue to broadcast without going through the usual pregame work his contemporaries do. Owners’ concern also included Brady appearing at a Raiders practice late last season, putting the eventual limitations in motion, but the recently retired quarterback had said he planned to play a passive role as an owner. That also may be subject to change.

Brady should be expected to have a prominent voice as a Raiders part-owner, an NFL source informed the Las Vegas Review-Journal’s Vincent Bonsignore. He was linked as being involved in the Raiders’ HC and GM searches, though not to the extent Seymour eventually was. If Brady indeed becomes an integral figure in Raiders football decisions, his FOX role may come under additional scrutiny. And Tom Telesco‘s GM power may be conceivably worth questioning. For now, however, the former Patriots and Buccaneers passer is set for dual NFL citizenship of sorts.

A Brady effort to become a player/owner — with Sean Payton as the coach — for the Dolphins produced significant punishment for the AFC East franchise, though at that point, a player/owner effort was not completely off the table. A rule passed last summer, in the wake of Lionel Messi being given equity in Miami’s MLS club, now nixes any NFL player/owner crusades. As a result, Brady’s playing career will officially end.

The 49ers had pursued Brady after his second retirement, seeking to have him start and mentor Brock Purdy. Brady turning down his hometown team, which presented a loaded roster that eventually pushed the Chiefs to the brink of double overtime in Super Bowl LVIII with Purdy at the controls, effectively confirmed he was done playing. While he unretired once and made mention of doing so in an emergency circumstance again this offseason, the book — barring an about-face on an ownership bid he has spent the better part of the past two years pushing for — is closed on Brady the player.

It will now be interesting to see if Brady indeed takes on an active role with the Raiders. Seymour, Brady’s Patriots teammate who played for the Raiders from 2009-12, has been a Davis confidant for a while and was part of the team’s interview process that produced the Telesco-Antonio Pierce pairing. A Hall of Fame defensive lineman, Seymour will now work with his most prominent former teammate in Vegas.

Tom Brady Ownership Deal With Raiders To Be Discussed This Week; Not As Sure As Some Think?

October 13th, 2024 at 9:34pm CST by Ely Allen

The NFL’s team owners are set to meet in Atlanta this Tuesday, and according to Mark Maske of The Washington Post, one of the topics of discussion will likely be an approval vote for former quarterback Tom Brady‘s proposed deal for part-ownership of the Raiders.

The future Hall of Famer has been toying around with several post-NFL careers in the last two years. He currently works as an analyst with FOX Sports, has been pursuing an ownership stake in the Raiders, and many times has seemingly flirted with unretiring a second time. His pursuit of the Raiders’ ownership stake has faced its challenges, though, as many have noted a conflict of interest with his broadcasting duties.

Of course, teams do not want anyone with an ownership stake in a rival outfit having the access and obtaining the inside information that broadcasters often enjoy, and Brady has done little to suggest that his access will be any different than that of his media peers. In fact, the only suggestion has been on the other end of the deal with the idea that Brady would be a “very passive” part-owner.

Still, at points in the last calendar year, Brady’s ownership interest was cleared for approval (but an approval vote was still put on hold), former defensive tackle Richard Seymour joined in Brady’s bid, restrictions on Brady’s duties as an announcer were suggested by the NFL, and Brady upped his offer for the ownership stake, separating from Seymour’s bid in the process.

A source for The Washington Post suggested that a vote could finally be coming this Tuesday. Brady and Tom Wagner, a co-founder of Knighthead Capital Management, are reportedly attempting to purchase 10 percent of the franchise at an alleged discounted price from principal owner Mark Davis. The league informed owners that if the vote goes through, Brady’s access to teams in his broadcasting role would be limited. Those limitations include being barred from production meetings with NFL teams and from being present in teams’ facilities during any team activities.

The vote requires at least 24 of the league’s 32 owners to ratify the deal. It’s been pending with the NFL finance committee since last year but has steadily progressed to the point of a potential vote this week. While some NFL sources, like ESPN’s Adam Schefter, seem to expect the vote to pass as a formality, others, like Mike Florio of NBC Sports, still believe that the vote is not a done deal. Several teams were involved in raising concerns about Brady’s broadcasting access, and if just nine of them still hold reservations, the deal may get declined.

Florio also reports that Seymour’s bid, which, again, was separated from Brady’s, has a better chance of approval. Seymour’s bid has progressed like Brady’s but is unburdened by the conflicts of Brady’s deal. An end to both situations could be in sight this week.

Richard Seymour Joins Tom Brady In Agreeing To Buy Raiders Stake

July 9th, 2024 at 1:12pm CST by Sam Robinson

While Richard Seymour‘s Patriots years played the lead role in forging a Hall of Fame path, he has operated in a post-playing role for the Raiders. That continued this offseason, when the Silver and Black made the former defensive lineman part of their search process upon filling their HC and GM positions.

Seymour, who played for the Raiders from 2009-12, was part of the committee that met with HC and GM candidates this offseason. The 12-year NFL veteran is on track to continue playing a role in Las Vegas, with Pro Football Talk’s Mike Florio reporting he has agreed to buy an ownership stake.

Seymour is close to finalizing this agreement, which will make him a part-owner and limited partner of the AFC West franchise, and Florio adds the former Patriots first-rounder will team with Brady — along with their own respective partners — to own 10.4% of the club. NFL owners must approve this stake, and they have not yet signed off on Brady’s piece of the Raiders despite the QB legend-turned-broadcaster having agreed to become a Raiders minority owner in May 2023.

The Raiders will aim to present this arrangement for approval at the October owners’ meetings, per Florio. It is believed the issue of Brady’s stake price, which Mark Davis was initially believed to have sold at a steep discount, has been resolved. But Seymour being part of this process may further alleviate concerns among other owners. Though, Brady’s role with FOX now looks to be the primary issue holding up his route into the ownership ranks.

Roger Goodell said the NFL will need to adopt a policy regarding Brady operating in a dual ownership/announcer role, as owners have voiced concerns about the debuting FOX color analyst being a Raiders owner while having access to other teams’ facilities to prepare for game assignments. Seymour’s ownership stake would not seem to affect this component of Brady’s ownership snag, so it remains to be seen if 24 owners will approve the former Patriot teammates’ bid to join Davis as Raiders owners.

The Patriots traded Seymour to the Raiders just before the 2009 season. The four-year Oakland cog made two Pro Bowls during his Raiders stay, one that included the veteran defender providing some assistance to Mark Davis in his early period as the team’s owner. Al Davis had approached Seymour about a future front office role, and he joined Mark Davis, team president Sandra Douglass Morgan, director of football administration Tom Delaney, board member Larry Delsen and advisor Ken Herock on the interview panel that produced the Antonio Pierce-Tom Telesco partnership. Although Seymour’s ownership bid has hurdles to clear, it certainly looks like the Raiders have the 44-year-old in their plans moving forward.

Latest On Raiders’ GM, HC Positions

January 17th, 2024 at 1:02pm CST by Sam Robinson

1:02pm: Kelly has sat in on the Raiders’ HC interviews this week, Jeremy Fowler of ESPN.com tweets. Although Dodds and others may remain in the GM mix, that certainly represents a good sign for Kelly’s chances of staying in Las Vegas. Kelly’s presence at Pierce’s Monday interview would obviously stand to help his chances, given the buzz the latter has received in recent days.

10:56am: While Antonio Pierce‘s experience level would make him one of the most unusual head coach hires in NFL history, it looks like the linebackers coach-turned-interim leader is the clubhouse leader to secure the job. The Raiders are considering running it all back.

Champ Kelly has gone through a second GM interview, according to The Athletic’s Tashan Reed. Pierce has already completed his coaching interview. Although the Raiders have not necessarily been adamant the Kelly-Pierce tandem stay together, this looks to be a scenario that is very much in play.

On the surface, the Raiders sticking with two Josh McDaniels-era hires would be extraordinarily odd considering how quickly McDaniels and GM Dave Ziegler were dismissed. Kelly has a history with Ziegler, from their time together in Denver, but did not work for the Patriots. Pierce only worked with McDaniels and Ziegler over the past two seasons, coming back to the NFL after four seasons at Arizona State. Top Raiders players, a contingent driven by Maxx Crosby, want Pierce back. They may soon get their wish.

Initially pegged as set to attempt a swing for a big-name HC, Mark Davis looks to be taking his players’ views seriously re: Pierce. The former linebacker’s knowledge of Raiders history and their culture has appealed to the owner, whose previous big swings — on McDaniels and another Jon Gruden stint — whiffed. Still, with Jim Harbaugh, Bill Belichick and Mike Vrabel available, it would be interesting to see the Raiders pass on requesting interviews with any of them.

Raiders interviews with Kris Richard and Leslie Frazier have satisfied the Rooney Rule, which mandates clubs meet with at least two external minority candidates before hiring a head coach. These two represent the only external candidates interviewed for the job at all, with the Raiders initially focusing on their GM position. It would seem a misstep on Davis’ part to hire Pierce without exploring the field, but the owner has expressed regret about not hiring former interim HC Rich Bisaccia two years ago.

The Raiders do not view Pierce and Kelly as a package deal, per SI.com’s Albert Breer, who adds Ed Dodds — the Colts’ assistant GM who impressed during his 2022 interview with the Raiders — is viewed as Kelly’s top threat for the gig. Dodds met with Davis during this cycle on Jan. 12. A Pierce-Dodds partnership would be in play as well, given the interim HC’s lack of history with Kelly. But the partnership that helped the Raiders finish 5-4 post-McDaniels may still be favored to return. Kelly has been viewed as firmly in the mix to stay for a few weeks now.

Las Vegas’ first round of GM interviews wrapped this weekend; a decision should be expected soon. Dodds impressing back in 2022 and remaining on the team’s radar would point to the seven-year Colts exec receiving a second meeting as well. A Seahawks scout for 10 years, Dodds has a history with the Raiders. The veteran personnel man began his NFL career interning with the team while Al Davis was still in place. Dodds was with the Raiders from 2003-06. He has since been on several teams’ GM radars and has been integral to the Colts building a quality roster — one held back for years by an inconsistent QB situation.

If Pierce is to be back, it might point Patrick Graham out of town. A five-year defensive coordinator, Graham has considerably more experience coaching in the NFL than Pierce. With Pierce’s background on defense, Graham may seek an opportunity elsewhere. The Raiders have not interviewed Graham for their HC job yet. Pierce’s unique lack of experience would also likely lead to him prioritizing seasoned staffers. One of them may be veteran DC Gregg Williams, according to the Washington Post’s Jason La Canfora.

Out of the league since his two-year run as Jets DC ended ignominiously late in the 2020 season, Williams has been a defensive coordinator for eight teams. He spent last season as the defensive boss for the XFL’s DC Defenders. Williams, 65, is best remembered for his role in the Saints’ Bountygate scandal, but the former Bills HC has remained employable since. Pierce and Williams have a strong bond, per La Canfora. This would date back to the two’s time in Washington; in place as Washington’s DC from 2004-07, Williams coached Pierce in 2004 — before the standout linebacker signed with the Giants a year later.

The Jaguars are also interested in Williams, La Canfora adds. Jacksonville may be prioritizing experience in its search to replace Mike Caldwell as DC; four current or former coordinators received interview requests. Williams was in place as the Jags’ DC in 2008, a one-year tenure under Jack Del Rio in 2008.

In addition to Davis, the Raiders have a handful of staffers — along with recent Hall of Fame inductee Richard Seymour, a Raider from 2009-12 — on their interview panel. Team president Sandra Douglass Morgan, director of football administration Tom Delaney, board member Larry Delsen and advisor Ken Herock join Davis and Seymour, per Reed. Davis described Herock, a longtime Raiders consigliere, as the ringleader of the searches that led to McDaniels and Ziegler being hired two years ago. We heard in the fall he and Delaney would play roles in the team’s latest searches. Al Davis once approached Seymour about a future front office role, Breer adds, noting the star D-lineman also helped Mark Davis during his years as Raiders owner. It would not surprise if the four-year Raiders defender was tapped to play a key role in the next regime.