OAKLAND (CBS SF)– The Alameda County Board of Supervisors voted on Tuesday to approve a lease agreement that would keep the Oakland Raiders football team playing at the Coliseum for at least one more year.
The board’s vote follows a unanimous vote by Oakland-Alameda County Coliseum Authority commissioners on Friday to approve the lease agreement.READ MORE: Apple Holds Edge In App Store Trial Despite Nagging Issues
The final hurdle for the agreement will come on Thursday, when the Oakland City Council votes on it. The National Football League has imposed a March 24 deadline for the Raiders to find a place to play their home games this fall.
The Raiders plan to move to Las Vegas in the near future but a new football stadium that’s being built for them there won’t be ready until the fall of 2020 at the earliest.
The Coliseum Authority and the Raiders had reached a tentative agreement for a new lease late last year but it fell apart after the city filed a federal breach of contract lawsuit in December against the Raiders and the National Football League for the move to Las Vegas.READ MORE: Pac-12 Picks MGM Executive George Kilavkoff As Next Commissioner
Many fans feared that the Raiders’ game against Denver last Dec. 24 would be the team’s final game in Oakland and the team explored the possibility of playing this fall at other venues outside and inside the Bay Area, including Levi’s Stadium in Santa Clara and Oracle Park in San Francisco.
However, nothing materialized so the Raiders resumed negotiating with the Coliseum Authority.Scott McKibben, the authority’s executive director, said after the authority’s board meeting on Friday that the lease agreement calls for the rent the Raiders pay to the authority to increase by $4 million this year, from $3.5 million to $7.5 million.
McKibben said if the new stadium in Las Vegas isn’t ready by the fall of 2020 and the Raiders need to play in Oakland for a second additional season the rent will increase even more, to $10.5 million.
McKibben said the agreement also calls for the city and county to get all the revenue from the naming rights to the Coliseum if the authority finds a new sponsor for the stadium and for a cap on game-day expenses, which he said can be costly.MORE NEWS: San Francisco Corruption Scandal: City Reaches $1.7M Settlement With Permit Expediter Walter Wong
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