Las Vegas stadium lease agreement won't be ready by NFL owners' meeting

Las Vegas stadium lease agreement won't be ready by NFL owners' meeting

LAS VEGAS -- The lease agreement for a proposed Las Vegas NFL stadium will not be ready before league owners meet later this month, when they could potentially vote on whether to approve the relocation of the Oakland Raiders.

Members of the board that oversees the proposed stadium gathered Thursday in Las Vegas to discuss some of the terms they would like to see in the agreement. They made one thing clear: A final lease agreement for the proposed $1.9 billion, 65,000-seat domed stadium won't be reached within weeks.

"There's been a little bit of discussion about the timing necessity of the lease, and certainly, we are going to work expeditiously in order to get that lease done," Las Vegas Stadium Authority Board chairman Steve Hill said. "But I also want to say that we are not going to rush that process."

Three-quarters of the league's owners must approve the Raiders' relocation, and they could decide without a lease agreement being finalized. A vote could come at the owners meetings in Phoenix at the end of March.

The team has told the board at a previous meeting that the owners wanted to see progress on the agreement and financing before the vote.

"My sense is that the approval will probably come, if it comes, with some conditions around what's important to the NFL around what the content of that lease would be," Hill said after the meeting.

It came the same week the team presented to the NFL a new financing proposal backed by Bank of America. The Raiders sought a new partner after casino magnate Sheldon Adelson withdrew a $650 million pledge last month.

Hotel room tax revenue from the city is slated to pay $750 million toward construction, while the Raiders and NFL would pay the remaining $500 million.

The team has presented the stadium authority board with a lease proposal that covers the Raiders' use of the stadium, luxury box seats, concession sales, ticket revenue, merchandise and parking. It suggested $1 a year in rent.

The team has been looking for a new stadium for years as it seeks to move out of the outdated Oakland-Alameda County Coliseum, which is the only stadium used by both an NFL and Major League Baseball team and is unable to generate the revenue for the Raiders the way more modern stadiums around the league can.

The Las Vegas board heard Thursday from the Houston-based attorney it hired for negotiations. Among the issues discussed were provisions that could be included in the deal that would guarantee the stadium features branding from the University of Nevada Las Vegas' football team, which would play home games there.

"That's obviously a big concern to UNLV," board member Mike Newcomb said. "They want the fans coming in to see the UNLV Rebels in the end zone."

Under the proposed lease agreement, the Raiders would have to approve any field markings.

"The team shall use reasonable efforts to support collegiate field markings, but the team shall have no obligation to compromise its field markings or field conditions for collegiate games at any time," documents say.

The mayor of Oakland, the team's current city, made a presentation Monday to league committees in hopes of persuading owners to prevent the Raiders from moving.

The Raiders paid $3.5 million in rent to play at Oakland-Alameda County Coliseum in 2016, up from $925,000 for the 2015 season. The team has options to remain at the stadium for the 2017 and 2018 seasons.

A site has not been picked for proposed Sin City stadium, although a parcel of land near the Las Vegas Strip has emerged as a preferred location.

Raiders remain on a receiver hunt as their top target signs elsewhere


Raiders remain on a receiver hunt as their top target signs elsewhere

The Raiders missed out on signing Ryan Grant. The former Washington receiver visited the team’s Alameda training complex, but left without a contract and ultimately chose to sign a one-year, $5 million deal with Indianapolis.

They lost that one, but are undeterred in their quest to upgrade the receiver corps.

They already signed Jordy Nelson and let Michael Crabtree walk, hoping for steady production and quality locker room leadership in the exchange.

Cordarrelle Patterson was traded to New England on Sunday, creating a spot in the position group.

The Raiders tried to fill it with Grant. No go, no matter.

They hosted veteran Eric Decker on Tuesday, according to multiple reports. They also declared interest in Allen Hurns, a player the Jaguars released Tuesday morning.

Hurns listed the Raiders among interested teams – he said there were 10 in total – in an interview with KFNZ radio in Charlotte, N.C.

Hurns has a 1,000-yard season to his credit – his biggest year came with now-Raiders offensive coordinator Greg Olson as Jacksonville's O.C. -- and two relative down years since. Injuries have also played a part in that.

Decker had a stellar four-year run with Denver and the New York Jets, but was less effective during two seasons in Tennessee. The 31-year old has experience in the slot, and could be a productive No. 3 option in Jon Gruden’s offense.

Gruden doesn't mind working with veteran receivers, something clear from his past and willingness to add Nelson as a major contributor. 

Even if the Raiders don't land a veteran receiver, they could also look for a receiver in the NFL draft.

Amari Cooper will remain the No. 1 option. Seth Roberts has $4.45 million guaranteed in 2018. Johnny Holton, Isaac Whitney and Keon Hatcher are also on the roster.

Report: Ndamukong Suh set to meet with Raiders


Report: Ndamukong Suh set to meet with Raiders

After visiting the Titans, Saints and Rams, free agent defensive tackle Ndamukong Suh will make a stop in the East Bay.

Recently released by the Dolphins, Suh will visit with the Raiders on Wednesday, according to ESPN.

The former No. 2 overall pick made it through just three seasons of a six-year, $114 million deal he signed with Miami prior to the 2015 season.

The 31-year-old Portland, Oregon native last made the Pro Bowl in 2016 and was last earned First-Team All Pro honors in 2014.

In 16 games with the Dolphins last season, Suh recorded 4.5 sacks and 48 combined tackles.