Raiders ink one-year extension to stay in Oakland, lower rent
The Raiders signed a one-year extension to stay in Oakland and agreed to lower rent.
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.
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