Raiders

Raiders president: Las Vegas stadium financing on track

Raiders president: Las Vegas stadium financing on track

LAS VEGAS -- The Oakland Raiders and the board overseeing the proposed NFL stadium in Las Vegas have high hopes for the project despite losing an instrumental supporter, but their plan is still missing hundreds of millions of dollars in financing.

Team leaders and the stadium authority board met publicly Thursday for the first time since casino magnate Sheldon Adelson withdrew a $650 million pledge for the project. Both sides plan to continue to work on a lease agreement, but the team didn't give a definitive answer for the major financial gap.

"The organization remains fully committed to this project," Raiders president Marc Badain told the stadium authority board members. "We are not deterred. Financing will not be an issue."

Badain told the board the team is in discussions with "multiple financial institutions," but declined to elaborate beyond that when asked by The Associated Press. The cost of the 65,000-seat domed stadium is pegged at $1.9 billion.

The meeting in Las Vegas came at a crucial time for the Raiders' proposed relocation: less than two weeks after Adelson pulled out of the project and six weeks before an NFL owners' meeting where they are expected to vote on whether to approve the move.

Badain and stadium authority board members on Thursday expressed confidence in their ability to make significant progress in a proposed lease and use agreement ahead of the owners gathering. A draft of the agreement that the Raiders presented to the stadium authority board last month includes a proposed $1 annual rent for the team.

"We'll work to make it better," board chairman Steve Hill said. "We may make six weeks' worth of progress in the next three or four weeks."

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.

Adelson and his family had pledged $650 million and the Raiders promised $500 million, with the stadium authority putting up $750 million in Las Vegas tax revenues.

Adelson, the chief executive of Las Vegas Sands Corp. whose holdings include the Venetian and Palazzo resorts on the Las Vegas Strip, played an instrumental role in winning state approval to help fund the stadium with public money.

In withdrawing, he declared that he had been shut out of talks that led to the lease document being presented to the stadium authority.

Another lingering question is location. A site hasn't been picked for the stadium, although a parcel of land near the Las Vegas Strip has emerged as a preferred location.

The stadium authority is a public board whose operations will be funded by the newly approved Las Vegas-area hotel tax increase that's expected to yield $13 million a year. Casinos won't start collecting that until March 1, and money won't flow to the authority until April.

NFL Playoff Picture: Where Raiders stand after Chiefs win Week 11 game

NFL Playoff Picture: Where Raiders stand after Chiefs win Week 11 game

The Raiders had a chance to move into first place in AFC West on Monday night, but they needed a little help.

They did not get that help as the Chargers failed to beat the Chiefs in Mexico City on "Monday Night Football." Kansas City held on for a 24-17 victory and moved to 7-4 on the season.

The Raiders, coming off a 17-10 win over the Bengals,  sit and 6-4 and remain in second place in the AFC West and in seventh place in the AFC playoff picture.

Had the Chargers won, the Raiders would have moved into third place in the AFC by virtue of the tiebreaker with the Indianapolis Colts.

Alas, the Raiders still are on the outside looking in.

Here's how the AFC playoff picture looks through 11 weeks of the NFL season.

1. New England Patriots (9-1)
2. Baltimore Ravens (8-2)
3. Kansas City Chiefs (7-4)
4. Indianapolis Colts (6-4)
5. Buffalo Bills (7-3)
6. Houston Texans (6-4)
7. Oakland Raiders (6-4)

The good news for the Raiders is that their schedule the rest of the way is slightly easier than that of Kansas City's.

Oakland has six games remaining and only their Week 13 matchup against the Chiefs comes against a team with a winning record. The Raiders also have games remaining against the Jets (3-7), Titans (5-5), Jaguars (4-6), Chargers (4-7) and Broncos (3-7).

[RELATED: Raiders-Chiefs Week 13 clash flexed to afternoon slot]

After a bye next weekend, the Chiefs host the Raiders, then travel to New England to take on the AFC-leading Patriots. They close the season against the Broncos, Bears (4-6) and Chargers.

Buckle up because the last six weeks of the season are going to have many more twists and turns.

Raiders snap count: How Dion Jordan made an impact against Bengals

Raiders snap count: How Dion Jordan made an impact against Bengals

ALAMEDA – Dion Jordan has played several spots along the line in his NFL career, most of it off the edge. The Raiders need help there but requested he help in another spot on Sunday against the Cincinnati Bengals.

“We asked him to go inside and rush,” coach Jon Gruden said. “We want to keep [Clelin] Ferrell and Maxx [Crosby] and [Benson] Mayowa outside. Dion gives us another guy with length who can go against the guards.”

Jordan’s a superior athlete who stands 6-foot-6, 284 pounds. He’s quick and agile enough to go around blockers, strong enough to go through them.

That certainly helped him work from interior spots over 14 snaps against the Bengals, and he was able to generate some pressure working obvious passing downs. He had a quarterback sack on third down that forced a punt, a run stop and one other quarterback pressure.

Jordan's presence was also felt in ways that can’t be quantified in the box score. His teammates said his athleticism helps create chances for others. Crosby credited Jordan for freeing him some off the edge.

Fellow interior rusher Maurice Hurst, who plays a different, yet effective game getting to the quarterback, liked the new energy Jordan brought to the front.

“He’s a great athlete who gets the guards to kick out to him pretty fast,” Hurst said. “It creates space for some of the other guys. You can run cool things with him. He will really help us inside.”

We’ll see whether Jordan’s role expands as we move forward. He only had three practices to adjust to this Raiders scheme after formally joining the team on Tuesday after his NFL suspension was lifted. More time might allow him to do some different things, or at least prep him to take more snaps helping this pass rush and defensive effort as a whole.

"He gives us some athleticism and chase-down ability, and he showed that he can still do that [after 10 games away on suspension]," Gruden said. "We have to keep working him into football shape, and try to get him some more turns."

Here is the entire Raiders snap count: 

Offense

Total offensive snaps: 70
Quarterback – Derek Carr 70
Running back – Josh Jacobs 45, Alec Ingold 17, Jalen Richard 16, DeAndre Washington 9
Wide receiver – Tyrell Williams 51, Zay Jones 48, Hunter Renfrow 31, Marcell Ateman 5
Tight end – Darren Waller 66, Foster Moreau 41, Derek Carrier 20
Offensive line – Richie Incognito 70, Kolton Miller 70, Trent Brown 70, Gabe Jackson 70, Rodney Hudson 70, Brandon Parker 2

Defense

Total defensive snaps: 63
Defensive line – Maxx Crosby 49, Clelin Ferrell 41, Johnathan Hankins 41, P.J. Hall 35, Maurice Hurst 30, Benson Mayowa 19, Josh Mauro 18, Dion Jordan 16
Linebacker – Tahir Whitehead 63, Nicholas Morrow 59, Will Compton 6
Defensive back – Erik Harris 63, Daryl Worley 63, Trayvon Mullen 63, Nevin Lawson 57, D.J. Swearinger 38, Curtis Riley 25, Isaiah Johnson 7

[RELATED: Raiders sign Preston Brown]

Special teams

Kyle Wilber 20, Dallin Leavitt 18, Carrier 18, Riley 15, Moreau 14, Keisean Nixon 14, Johnson 13, Compton 12, Morrow 9, Harris 9, Lawson 8, Crosby 8, A.J. Cole 8, Trevor Davis 8, Trent Sieg 8, Mullen 6, Daniel Carlson 7, Hurst 5, Whitehead, Worley 5, Denzelle Good 3, Parker 3, Washington 3, Brown 3, Miller 3, Jackson 3, Incognito 3, Jordan 2, Mayowa 2