Raiders

Raiders president: Las Vegas stadium financing on track

Raiders president: Las Vegas stadium financing on track

LAS VEGAS -- The Oakland Raiders and the board overseeing the proposed NFL stadium in Las Vegas have high hopes for the project despite losing an instrumental supporter, but their plan is still missing hundreds of millions of dollars in financing.

Team leaders and the stadium authority board met publicly Thursday for the first time since casino magnate Sheldon Adelson withdrew a $650 million pledge for the project. Both sides plan to continue to work on a lease agreement, but the team didn't give a definitive answer for the major financial gap.

"The organization remains fully committed to this project," Raiders president Marc Badain told the stadium authority board members. "We are not deterred. Financing will not be an issue."

Badain told the board the team is in discussions with "multiple financial institutions," but declined to elaborate beyond that when asked by The Associated Press. The cost of the 65,000-seat domed stadium is pegged at $1.9 billion.

The meeting in Las Vegas came at a crucial time for the Raiders' proposed relocation: less than two weeks after Adelson pulled out of the project and six weeks before an NFL owners' meeting where they are expected to vote on whether to approve the move.

Badain and stadium authority board members on Thursday expressed confidence in their ability to make significant progress in a proposed lease and use agreement ahead of the owners gathering. A draft of the agreement that the Raiders presented to the stadium authority board last month includes a proposed $1 annual rent for the team.

"We'll work to make it better," board chairman Steve Hill said. "We may make six weeks' worth of progress in the next three or four weeks."

The Raiders paid $3.5 million in rent to play at Oakland-Alameda County Coliseum in 2016, up from $925,000 for the 2015 season. The team has options to remain at the stadium for the 2017 and 2018 seasons.

Adelson and his family had pledged $650 million and the Raiders promised $500 million, with the stadium authority putting up $750 million in Las Vegas tax revenues.

Adelson, the chief executive of Las Vegas Sands Corp. whose holdings include the Venetian and Palazzo resorts on the Las Vegas Strip, played an instrumental role in winning state approval to help fund the stadium with public money.

In withdrawing, he declared that he had been shut out of talks that led to the lease document being presented to the stadium authority.

Another lingering question is location. A site hasn't been picked for the stadium, although a parcel of land near the Las Vegas Strip has emerged as a preferred location.

The stadium authority is a public board whose operations will be funded by the newly approved Las Vegas-area hotel tax increase that's expected to yield $13 million a year. Casinos won't start collecting that until March 1, and money won't flow to the authority until April.

After speaking with Marshawn Lynch, two things are crystal clear

After speaking with Marshawn Lynch, two things are crystal clear

NAPA – Marshawn Lynch spoke with the media Thursday for the second time as a Raider. He was quick-witted, disarming and, as always, not suitable for work.

It was five minutes of peak Marshawn, where he brought light to his charitable endeavors, called himself the “daddy” of his position group and cleverly sidestepped all things nation anthem.

He was asked four questions on other topics before elephant in the room was mentioned. It didn’t stick around long.

“I think the elephant left the room because a little mouse ran in here,” Lynch deadpanned. “Didn’t they say elephants are scared of mice or something? That [expletive] left the room, cousin.”

[RATTO: Lynch reminds media how much control he exerts over any interaction]

Two more related questions came down the pike. The first was about Del Rio letting players be themselves. He answered a different question instead.

“Yeah, because on ‘doctor-24,’ it’s a designed way that you’re supposed to run it but I have all freedom to go any way that I choose to run it,” Lynch said. “I would say, yes.”

The final anthem-esque query was deflected in a similar fashion.

“When we run ‘74’ or something like that, where I have to scan and read on both sides, that is pretty difficult. For the most part, I’m a veteran so I can make it work.”

Two things were crystal clear after speaking with Lynch.

He didn’t miss football one bit during his year in retirement. Lynch said this spring he decided to return after the Raiders were approved to relocate away from his native Oakland. He wants to represent his hometown well and give them something to cheer before the team leaves for Las Vegas.

That’s why he’s fired up even for Saturday’s exhibition against the Rams – he’s expected to make a cameo in that game – his first in Oakland wearing silver and black.

“It’s truly a blessing and just to have the opportunity to go and do that is a good [expletive] feeling,” Lynch said. “It’s a good [expletive] feeling.”

Lynch has always been active in the community, and hopes him playing here will bring more visibility to what’s being done to help kids in Oakland.

“I plan on continuing to do what I do in the community,” Lynch said. “It’ll probably be that now that I’m here, more people that are in the community might actually come out and support what it is that we’ve got going on.”

Practice report: Raiders close camp with some unresolved issues

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AP

Practice report: Raiders close camp with some unresolved issues

NAPA – The Raiders spent 18 days in isolation at the Napa Valley Marriott, pouring complete focus into season prep. Head coach Jack Del Rio considers his team better for the experience.

The Raiders moved back to their Alameda facility after Thursday’s practice, the 14th of this training camp, ready to complete the preseason. The next milestone comes in Saturday’s exhibition against the Los Angeles Rams.

“I think we came in with a purposeful mind going after things, accomplishing things,” Del Rio said. “In terms of installation, in terms of situational awareness and those things, we’re coaching and teaching. I think we were able to work and get guys either back or really close to being back and I feel really good about the way camp went. It was a strong camp. It was very purposeful and very productive.”

The Raiders left relatively healthy, despite longer-term injuries to Keith McGill and Denver Kirkland. There were some issues unresolved during this time.

Donald Penn’s contract holdout continues after nearly three weeks. First-round pick Gareon Conley still hasn’t seen the field while dealing with a shin injury originally suffered in a June minicamp.

Jihad Ward, Ben Heeney and Cooper Helfet joined Conley and Penn as players who didn’t participate in a camp practice.

“I know the natural question is going to hit me on a couple of the guys. Obviously, one is not here, his choice. You have a couple of others that haven’t been able to join us at practice yet, and they’re working,” Del Rio said. “They’re doing everything we’re asking. They’ll come back when they can. Until then, we just move on. We’re looking forward to playing at home this week in front of our crowd. I’m excited about that opportunity to kick that off.”

QUICK SLANTS
-- The battle to be quarterback Derek Carr’s backup wages on, though Del Rio said EJ Manuel has a leg up at this stage. That supports what was seen in training camp, when Manuel took most every second-unit snap.

“I think the time we had here and the first game the other night, I think (Manuel) has done a little more, done enough to be in the second slot,” Del Rio said. “I think they’ll continue to alternate reps and both get opportunities to show us. I’m pleased with both of the guys. I thought both guys operated pretty darn well (on Saturday at Arizona).”

-- The Raiders concluded camp with a punt catching contest. Each phase sent a representative to catch a Marquette King punt, with pushups going to the loser. Interior lineman Jon Feliciano caught his volley. So did backup long snapper Andrew East. Defensive tackle Justin Ellis couldn’t corral three angled attempts, meaning the defense had to do pushups.

-- The Raiders held a glorified walk-through practice on Thursday, working in jerseys and shorts. They will hold a formal walh-through on Friday in Alameda before Saturday’s game at Oakland Coliseum.