Photo: Marcio Jose Sanchez / Associated Press
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The Oakland Alameda County Coliseum Stadium Authority board voted unanimously Friday to approve a lease extension and keep the Raiders in Oakland for at least one more year.
Under the deal, the Raiders will pay $7.5 million to play nine home games for the 2019 season. They will also have to pay an owed $750,000 in parking fees.
“We are delighted that we were able to get to this outcome,” said Scott McKibben, executive director of the authority. “This is good for the city of Oakland, good for Alameda County. I am particularly pleased for the Raider fans. I am really happy that we are able to get it done and get it behind us.”
Additionally, the Oakland Alameda County Coliseum Authority will get 100 percent of any money for naming rights on the stadium. The previous lease had called for a 50-50 split between the team and the authority on naming-rights money.
The Raiders can renew the deal for the 2020 season if the new stadium in Las Vegas is not yet ready. If the Raiders stay for the 2020 season, the rent would increase to $10.5 million. The increase in rent for the second year is to make up for any “lost opportunity” by holding the stadium for the Raiders, McKibben said.
The deal also allows for the Raiders to continue practicing at their practice facility in Oakland for 36 months after relocating to Las Vegas for a price of $525,000 per year for two years. To practice at the facility for a third year, the Raiders would have to pay $1,050,000.
There will also be a season cap of $9.4 million on game-day expenses, McKibben said.
In the past, there was not a cap on game-day expenses and the Coliseum Stadium Authority absorbed the costs. In 2018, game-day expenses reached $8.7 million. The added budget takes into account inflation and the cost to convert the arena from a football field to a baseball field four times a year, McKibben said.
“It’s been a lengthy negotiation, said Nate Miley, an Alameda County supervisor. “It is a better deal.”
The vote comes after months of uncertainty. The football team backed out of a one-year, $7.5 million lease extension in December when the city of Oakland joined a lawsuit seeking millions in damages for the Raider’s move to Las Vegas.
To avoid playing in a city that was suing him, Raiders owner Mark Davis considered having the team play at the 49ers’ Levi’s Stadium in Santa Clara and at the San Francisco Giants’ Oracle Park, but ultimately came back to Oakland when no other options panned out.
“The Raiders have looked around and found there was no place for them to play,” said Oakland Councilmember Larry Reid.
But ultimately, the deal offers a positive outcome for both Raiders fans and Oakland residents, Reid and Miley said.
“It keeps the people who work the Raiders’s games employed for one year, maybe two years,” Reid said. “Certainly, this would be the first year that we haven’t lost money by the Raiders playing at the Coliseum so that’s a good thing.”
Reid said he is hopeful that the lease agreement will be approved when it comes up for a vote with the Oakland City Council and Alameda County Board of Supervisors.
The Oakland City Council is scheduled to vote on the new deal on March 21.
Councilmember Loren Taylor said he was “excited” to give Raiders fans at least one more season. If the stadium in Nevada is done by its projected completion date then the Raiders will play in Las Vegas for the 2020 NFL season.
“It is unfortunate the (Raiders) are leaving, but you have to move on,” Miley said.
This post was originally posted at https://www.sfgate.com/bayarea/article/Raiders-deal-to-play-next-season-in-Oakland-13691697.php.