The city of Oakland is attempting a last-ditch effort to keep the Raiders in advance of what promises to be a seminal vote Monday at the owners’ meetings. But this latest $1.3 billion proposal may not be enough to stop the owners from green-lighting a Las Vegas move. Oakland’s updated pitch “did not move the chains forward” with the NFL, Vincent Bonsignore of the Los Angeles Daily News reports (on Twitter). The league is reviewing the proposal, but Bonsignore adds (Twitter link) the core issues at the root of the NFL’s reluctance regarding this project are not resolved. Bonsignore does not estimate the project can move forward (Twitter link) as presently constructed, setting the stage for a possible third Raiders relocation. This belief would stand to continue the league’s pessimism on the Oakland front.
Here’s the latest from Oakland and the rest of the NFL.
- The Fortress Investment Group’s involvement in this project may not be a plus investment for the Raiders, who would “have to be in desperate straits” to sign up for an arrangement in which the team wouldn’t have much stake in its own stadium, Stanford economics professor Roger Noll said, via J.K. Dineen of the San Francisco Chronicle. “Even if Las Vegas doesn’t work out, the Raiders could get a better deal in San Diego or St. Louis,” Noll said. “There has never been a major league sports team that has had a deal like this where a third party is the main financier of the stadium and the main beneficiary of the revenue it generates.” The project would in large part be financed by a Fortress loan of $600MM, along with another $500MM loan backed by seat licensing fees, Dineen reports.
- Dont’a Hightower agreed to take less money from the Patriots than he would have gotten from the Jets as a UFA, but the Steelers also offered the linebacker a better deal, Jason La Canfora of CBS Sports reports. Pittsburgh offered the sixth-year linebacker a deal that would have paid him more then $9MM per year. He signed to stay with the Patriots for $8.7MM AAV. However, both the Steelers and Jets were concerned with Hightower’s health. This led to the Jets pulling their offer after Hightower’s physical. La Canfora adds the Jets and Steelers felt they were being used as leverage during this process.
- Mark Sanchez‘s one-year Bears deal is worth $2MM, with $1MM guaranteed, Tom Pelissero of USA Today reports (on Twitter). The journeyman backup can earn another $2MM in incentives.
- A thorough piece on Adam Schefter — by TheMMQB.com’s Tim Rohan — revealed a phone conversation ESPN’s chief NFL reporter had with Alshon Jeffery during the first day of free agency. Rohan reports Jeffery called Schefter asking him how much money the other UFA wide receivers were going to sign for. “It’s all about the guarantee, Alshon,” Schefter said, per Rohan, who noted players sometimes call the longtime NFL reporter with similar queries. “It’s all about the guarantee … Your average per year could be $100 million. It doesn’t matter. If they’re going to guarantee you the majority of the contract, that’s what you want.” Jeffery, who signed with the Eagles, does not remember the events unfolding like this. “I NEVER sought advice from media before I decided to sign my contract with the Eagles,” Jeffery tweeted. The wideout who is attempting to shake off an injury- and suspension-marred past two years signed with Philadelphia for one year and $9.5MM ($8.75MM guaranteed).