Raiders

Oakland, Alameda County to vote on possible Raiders stadium term sheet next week

Oakland, Alameda County to vote on possible Raiders stadium term sheet next week

The Oakland City Council and Alameda County Supervisors will soon hold a public hearing and vote on a term sheet for a stadium proposal designed to keep the Raiders in Oakland, the City of Oakland announced on Friday afternoon.

These actions will occur on Dec. 13, as local authorities attempt to expedite a stadium plan that will prevent the Raiders from being approved to relocate to the Las Vegas market.

Oakland and Alameda County have paired with Fortress Investment Group to create a stadium funding plan that does not include taxpayer dollars. The public will contribute to infrastructure improvements, but stadium construction will come from private sources.

The private investment group is fronted by former NFL players Ronnie Lott and Rodney Peete.

Details of this stadium framework were released by the city of Oakland on Friday afternoon. 

The term sheet calls for 105 acres of Coliseum site land for a 55,000-seat football stadium and 7,000 parking spaces, with another 15 acres reserved for an Athletics ballpark. If all goes according to plan, the term sheet set a target date for the stadium to be ready by the 2021-22 season. The plan also accounts for  mixed use areas on the site that could be used for ancillary development. 

The financial framework calls $200 million in public funds, generated through private and public bonds, would be used for infrastructure improvements. The Coliseum site land was valued at $150 million, and would be transferred to the Lott group. It is uncertain how the public will recoup that land value. 

The Lott Group would invest $400 million dollars, and the Raiders and the NFL would put in $500 million combined, with $200 million from the league's stadium loan program. The Raiders could also raise funds from the sale of personal seat lisences, a common funding tool used in new stadiums throughout the league. 

The stadium project plus infrastructure improvements is estimated at $1.3 billion. The Lott Group would be responsible for financial overruns. 

City and county votes are the next step in creating a plan enticing enough to the NFL that it would pump the brakes on allowing the Raiders to move to Las Vegas.

That is Raiders owner Mark Davis’ stated desire. He has not negotiated with local public officials in some time, pouring focus into a Las Vegas stadium plan that has already received $750 million in public subsidy to construct if the Raiders are given the green light to move.

There are several complications associated with this deal, most notably that Davis wants no part in it. The NFL is reportedly intrigued by Oakland’s market potential, and generally prefers that teams remain in their home markets.

Oakland and Alameda County will vote on whether to continue working on this term sheet and present it to the NFL. The league meets on Wednesday to discuss relocation, and East Bay officials want to show they have a viable alternative to keep the Raiders in Oakland. 

 

Neiron Ball, Raiders 2015 draft pick, in a coma after brain aneurysm

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AP

Neiron Ball, Raiders 2015 draft pick, in a coma after brain aneurysm

Raider Nation has a heavy heart at the moment.

Former linebacker Neiron Ball, Oakland's fifth-round pick in 2015 out of Florida, suffered a brain aneurysm on Sept. 16 and is currently in a medically induced coma. He is not responding to stimuli. The Raiders sent out a tweet Tuesday asking for thoughts and prayers for the 26-year-old.

News of Ball's situation was first made public by people that run the Facebook page for his old school district in Georgia. Ball attended Jackson High School in the Butts County School System.

According to the Orlando Sentinel, in 2011 while at Florida, Ball was diagnosed with arteriovenous malformation, "a tangling of blood vessels." Surgery to alleviate the issue cost him the 2011 season.

"I can't really explain it," Ball told the Orlando Sentinel in 2012. "The closest thing I can think is somebody just smushing my brain...Like somebody was squeezing my brain."

Ball appeared in six games his rookie season with the Raiders, recording four tackles and one sack. A knee injury forced the Raiders to place him on injured reserve.

Report: Raiders to sign new kicker Matt McCrane

Report: Raiders to sign new kicker Matt McCrane

Mike Nugent is dealing with a hip injury suffered in a loss to Miami, which forced the Raiders to work out several kickers Tuesday morning. The Silver and Black have chosen to sign undrafted rookie Matt McCrane, according to NFL Network.

McCrane spent the summer with the Arizona Cardinals and played college ball at Kansas State. He was 4-for-4 on field goals in the preseason, including two from beyond 50 yards. 

While the team hasn't announced his addition, McCrane has already added "kicker for Oakland Raiders" on his Twitter profile. The account, however, is not verified. 

Raiders head coach Jon Gruden didn't formally rule Nugent out of Sunday's game against Cleveland, but his hip injury is of concern. Nugent has been solid since assuming the kicking job this regular season. He was 6-for-6 on field goal attempts, including two conversions from 50-plus yards. 

The Raiders worked out McCrane, 2017 kicker Giorgio Tavecchio, among others on Tuesday. Tavecchio was released early in camp for Nugent, who was expected to be Eddy Pineiro's mentor during the preseason. Pineiro suffered a groin injury at the end of training camp and was placed on season-ending injured reserve.