Raiders Renew O.co Coliseum Lease: Latest Contract Details, Comments, Reaction

March 25, 2016   ·   Mike Chiari   ·   Jump to comments

The Oakland Raiders officially have a home for the 2016 NFL season, as the Oakland-Alameda County Coliseum Authority unanimously approved a one-year lease at the O.co Coliseum on Friday.
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Financial Details for Raiders' Lease Revealed Friday, March 25 According to Rachel Swan of the San Francisco Chronicle, the lease includes a rent price hike from $925,000 to $3.5 million as well as options for a pair of one-year extensions.
Per Swan, Oakland-Alameda County Coliseum Authority head P. Scott McKibben explained the reasoning behind the rising rent cost: "We just sat down and took a look at the finances. This was the amount of rent that was required to get us back to being neutral."
The Raiders attempted to make a move to Los Angeles in the offseason, but they were beaten out by the L.A. Rams, which put them in a precarious position without a lease.
Despite the uncertainty, NFL Commissioner Roger Goodell said in Fe...

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