Oakland Coliseum JPA Passes Raiders Lease Extension

Monday 26th of August 2019 12:40:00 AM GMT

 

Oakland Coliseum JPA Passes Raiders Lease Extension




(Last Updated On: March 15, 2019)

The Oakland-Alameda County Coliseum Joint Powers Authority voted (with Oakland District Seven Councilmember Larry Reid abstaining) to pass the Oakland Raiders Lease Extension for 2019-2020.

The Raiders now have one of the highest rents in the NFL: $6,975,000 for 2019 and increasing by $3 million to $9,975,000 in 2020, which is the option year.

One of the many news items that came out of today’s Coliseum JPA Meeting was the idea that the Raiders could play in the Coliseum through 2021 – the next three years.

Some Oakland Politicians like Oakland District Five Councilmember Noel Gallo, said that the Raiders are playing in Oakland for the next two year, and then he would prefer to see them leave. Councilmember Reid was upfront in his dislike for how the Raiders and The NFL treated the City of Oakland.

Oakland Raiders Rent Now One Of The Highest In The NFL

Miami Dolphins $0.00
Cincinnati Bengals $0.00
Washington Redskins $0.00
LA Rams $0.00
Carolina Panthers $0.00
Los Angeles Chargers $1.00
Cleveland Browns $250,000.00
Detroit Lions $250,000.00
Arizona Cardinals $304,000.00
Tennessee Titans $362,319.00
Kansas City Chiefs $450,000.00
Buffalo Bills $800,000.00
Green Bay Packers $816,000.00
New York Jets $1,250,000.00
Jacksonville Jaguars $1,250,000.00
Indianapolis Colts $2,000,000.00
Dallas Cowboys $2,000,000.00
Pittsburgh Steelers $2,100,000.00
New York Giants $2,500,000.00
Arizona Cardinals $2,500,000.00
Denver Broncos $3,250,000.00
Tampa Bay Buccaneers $3,500,000.00
Houston Texans $4,010,000.00
Chicago Bears $6,300,000.00
Oakland Raiders $6,975,000.00
Minnesota Vikings $8,500,000.00
Baltimore Ravens $9,700,000.00
Oakland Raiders in Year 2020 – $9,975,000.00
SF 49ers $24,000,000.00
Philadelphia Eagles N/A
New Orleans Saints NA

So, if the Las Vegas Stadium is not ready for NFL Season 2020, then the Oakland Raiders Coliseum Stadium Rent would go up to $9,975,000.00 – a $3 million increase. Overall, the Coliseum JPA would take in $5 million in profit spread over two years – the greatest year-to-year revenue take in the facility’s history.

Here’s the Zennie62Media livestream of the meeting, thanks to the legendary new Zennie62Media vlogger, Chuck Johnson:

The Coliseum Authority’s Executive Director Scott McKibben also reported that talks toward the expected RingCentral Naming Rights Agreement are progressing, and the deal is expected to come to a vote of the Coliseum JPA in April.

Stay tuned.

About the Author

Zennie Abraham
Zennie Abraham is the CEO of Zennie62Media
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