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.
Oakland News Now Note: this post demonstrates the full and live operation of the latest version of an experimental mobile media video-blogging system network – part of a new approach to the production of media. The uploaded video is from a vlogger with the Zennie62 onYouTube Partner Channel, then uploaded to and formatted automatically at the Oakland News Now site and social media pages. The objective is real-time on the scene reporting of news, interviews, observations, and happenings anywhere in the World and within seconds and not hours. We are constantly working to improve the system network coding and also seek interested content and media technology partners.
Zennie Abraham is the CEO of Zennie62Media