Raiders' move to Vegas approved: Now what?
- by Emilio Sims
- in Money
- — Mar 28, 2017
One of the United States' most colourful and storied teams will become the first to play in Sin City, an area previously viewed somewhat dimly by the NFL's hierarchy due to its association with gambling. Also, casino tycoon Sheldon Adelson promise to chip in $650 million.
Like Chargers Chairman Dean Spanos in San Diego, Davis had for years demanded a new stadium for his franchise.
The Raiders are likely to remain in Oakland for the next two years before a new stadium is ready in Vegas in 2020. It's even easy to see why the Raiders would want to be in Las Vegas: They're sick of sharing a market with the more locally popular 49ers, and they have all sorts of new revenue coming. The Raiders could possibly play one preseason game per year at Sam Boyd Stadium before moving to Los Vegas permanently. With additions in free agency already, and more new players to come in the National Football League draft that begins April 27, there are high hopes the Raiders can improve on their breakthrough season of 2016 when they finished 12-4 and made the playoffs for the first time since the 2002 season.
An additional $750 million will come from public funds via a visitor's tax on hotel rooms.
"I feel the pain of our fans in Oakland", Carr said.
"It answers all the questions", Schaaf said.
"This should improve consistency and accuracy of decisions and help speed up the process", Goodell said.
The Raiders have played in Oakland since 1995 after returning from Los Angeles, where they relocated in 1982.
Schaaf said the Oakland proposal could be $700 million less than building in Nevada.
The Raiders also had the option of moving to the Los Angeles area, where they could have shared a facility with the recently relocated Rams.
He made his quick initial pitch to Raiders fans, saying the team is open for business and they can hop on board for the 49ers bandwagon.
"We're all disappointed", Goodell said.
Other speakers had urged caution even as they pledged support.
At the time, a sticking point was that Alameda County and Oakland still needed to retire almost $100 million in debt incurred for remodeling the current stadium to woo the team back from Los Angeles in 1995. The Raiders are expected to pony up in excess of $1 billion to the project via loans and personal seat license sales.
Oakland was perhaps the unlikeliest city to get an American Football League franchise when the league began in 1960. Instead, the league allowed Stan Kroenke to move his St. Louis Rams operation to Inglewood and gave Chargers ownership a chance to join Kroenke in Inglewood.
-Speaking of Redskins games for the upcoming year, Washington will face the Chargers in front of a packed crowd, as Los Angeles announced on Monday that all season tickets now available for sale at the StubHub Center for the 2017 regular season have been sold.