Raiders ink one-year extension to stay in Oakland, lower rent

By Will Brinson | NFL Writer

The Raiders will stick around Oakland for a year.
The Raiders will stick around Oakland for a year. (USATSI)

The Raiders aren't going anywhere just yet, stadium wise. Though the Davis family would like to figure out a new deal for their situation eventually, they've inked a one-year deal to stick around Oakland.

Both the Raiders and Oakland Athletics extended their deals with the coliseum, although unlike the A's, the Raiders got a drop in their rent cost.

Per the Oakland Tribune, the Raiders will pay just under $1 million for the 2014 season, after paying more than $3 million for the 2013 season.

"The most important thing about this deal is that it opens the door to make a better long-term deal," Oakland Councilwoman Rebecca Kaplan said.

The A's locked down a two-year deal as they continue to try to move to San Jose on a permanent basis. And it sounds like they hosed the city council pretty good: the Athletics "will continue to control valuable concessions rights at the Coliseum that grants them a share of proceeds from Raiders games."

The Raiders, as the Tribune notes, could make a return to Los Angeles if they can't work out something long term in Oakland.

Part of the reason, though, that the Raiders got lower rent for the 2014 season is a belief they will participate in "good-faith negotiations" to remain in Oakland.

Of course it's also easier to take less rent money when one of the Raiders "home" games will take place in London.

CBSSports Facebook Google Plus
Conversation powered by Livefyre
Sign up to our newsletter and find out who your team could be picking

nfl Video


Most Popular

2016 NFL Draft
NFL Draft