Oakland Raiders: Mayor announces agreement on framework of new stadium

By The Sports Xchange  |  Nov. 22, 2016 at 4:05 PM
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The City of Oakland is making its pitch to keep the Raiders in town and Mayor Libby Schaaf said Tuesday that it has reached a framework agreement for a new stadium designed to prevent the NFL team from leaving.

The agreement is with a group headed by Hall of Famer Ronnie Lott and must be approved by the Board of Supervisors and the Oakland City Council before the two sides can move forward.

The Raiders and owner Mark Davis are not involved in the agreement. Davis is attempting to move the team to Las Vegas and hoping to gain approval from the NFL owners.

Details of the agreement with the Lott group weren't revealed by Schaaf but she indicated the arrangement would satisfy some of Davis' previous demands.

"What I can tell you is the Lott group has the ability and the willingness -- more than that, the passion -- to actually put the private money into this deal that I believe it would take to actually build a stadium under the conditions that Mark Davis has always said he needs," Schaaf told reporters. "And then at issue I've been very clear that it's a team-centered approach but one that protects the public dollar."

Davis has previously stated that the franchise will play the next two seasons in Oakland even if the Las Vegas move is approved.

The Raiders are 8-2 this season and possess a standout quarterback in Derek Carr.

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