The Oakland Raiders are likely to call the Oakland-Alameda County Coliseum home at least through the 2013 season.
The Oakland-Alameda County Coliseum Authority and the team announced today that they have reached a tentative agreement to extend the term of the Raiders' lease, which had been set to expire after the 2010 season.
The deal is not official yet. The Coliseum Authority, Oakland, Alameda County and the National Football League must approve the agreement. County Supervisor Scott Haggerty, chairman of the authority, and Oakland Councilmember Ignacio De La Fuente, vice chairman of the authority, anticipate that the authority, county and city will vote on the proposal before the end of the year.
De La Fuente said terms of the extension are basically the same as the current lease, which calls for the team to pay $525,000 per season and share some other revenue with the authority, such as what they get from concessions. The extension calls for the team to pay an additional $5 million over the additional three years. The team still would owe the $5 million if they decided to move to another stadium outside Alameda County.
"I don't think you can see this as anything but a positive step for the Raiders, the city and the Coliseum," De La Fuente said. "I think there is no doubt the best location for the Raiders is Oakland."
De La Fuente dismissed talk of a rumored possible move to Los Angeles, saying a stadium down south is still
That same sentiment was echoed by Raiders Chief Executive Amy Trask.
"We enjoy a productive working relationship with the city, the county and the joint powers authority, and we enjoy collaborating with them on many issues," Trask said. "Both Supervisor Haggerty and Councilmember De La Fuente have discussed some exciting concepts with us — exciting for the Raiders, the Raider Nation, the community and the region — and we look forward to further pursuing these ideas."




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