Oakland News Now – Amari Cooper Trade Pushed By Oakland Raiders Las Vegas Finances.
The livestream talk Monday night focused on the fact that the Raiders only received $48 million in collected hotel stadium tax revenue in April – that’s less than the expected $60 million.
In total, that means if the bond sale of $647 million is added in, the stadium bond revenue comes up $55 million short of the $750 million Nevada was to put in.. Someone – it would seem the Raiders – would have to fill in that gap.
The Raiders are also at a shortfall in Las Vegas Stadium-related sponsorship revenue. Overall, I calculate the organization faces a $575 million shortfall in monies needed to afford stadium construction, when parking and training camp are included.
Those shortages point to a short-term need to tighten spending, and that means letting go of high-dollar players like Khalil Mack and Amari Cooper.
I don’t believe the Raiders thought they would be in this situation last fall, but as the money situation for Las Vegas Stadium crystalized this year, a change of plan was in order. Now, it looks like they’re gutting the heart of the team because of the cost of doing Las Vegas.
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