The Raiders are leaving for Las Vegas in the near future. The road out of Oakland includes a toll. The NFL charged the Silver and Black a $385 million relocation fee to move away from the East Bay, ESPN’s Darren Rovell reported on Wednesday.
That sum must be paid over a 10-year period starting when the Raiders formally move, which isn’t expected until 2019 at the earliest. The team’s new Las Vegas stadium should be ready for the 2020 season. The Raiders hope to remain in the Bay Area for three seasons until their new venue is complete, but they don’t have a stadium lease beyond the 2018 campaign.
The Raiders relocation fee will be divided among the NFL’s 31 other teams.
The Rams and Chargers will ease the Raiders’ burden. ESPN reports those teams will each pay a $645 million fee to move to the Los Angeles market. Those payments will begin in 2019 and go to every team save the Rams and Chargers.
Relocation fees are weighted based on the value of a team’s new market.