City Of Las Vegas News & Rumors

Backloaded Deal For Raiders’ Derek Carr?

June 22nd, 2017 at 9:43am CST by Zachary Links

Derek Carr and the Raiders have a new deal which will keep the quarterback in place through the 2022 season. We know that the new money average on the deal – $25MM per year – is an all-time record, but there are other factors which will dictate the true value of the deal. Naturally, the cash flow and nature of the guarantees will tell us a lot about how Carr did in negotiations, but his reps may have also structured his deal with the Nevada state tax code in mind, as Adam Schefter of ESPN.com tweets.

California’s state tax rate is 13.3%. Meanwhile, there is no state tax in Nevada. A backloaded deal could make a lot of sense for Carr and allow him to hang on to millions more in income.

We know that the Raiders plan to play their home games in Oakland for the 2017 and 2018 seasons. In 2019, the team could move to a temporary home in Nevada while waiting for it’s new home to be built, but it’s also possible that they’ll extend their stay in Oakland for one more year. It stands to reason that Carr’s team has opted for less money in the first two years of the new deal (’18, ’19) with a step up in 2020, when the new stadium is projected to open.

It’s not just Carr that will be thinking of the Battle Born State when negotiating a new contract with the Raiders. The same will go for any Raider in extension talks, including Khalil Mack, Gabe Jackson, and Amari Cooper, Schefter tweets.

Lease Issue Could Delay Raiders’ Vegas Move

May 13th, 2017 at 3:13pm CST by Sam Robinson

The Raiders received resounding approval to relocate to Las Vegas in March, but the timetable for that trip isn’t certain. And a lease agreement could delay the franchise’s plans.

With the next NFL owners’ meeting occurring later this month, Raiders president Marc Badain said, via Regina Garcia Cano of the Associated Press, if the Raiders can’t reach a lease agreement with Las Vegas, a “distinct possibility” exists the team’s move will be delayed a year. Mark Davis‘ fellow owners must approve the lease before the project can go forward, per Adam Candee of the Las Vegas Sun.

“In order to approve a lease, you need full membership, and the league has four meetings a year: one in March, one in May, one in October and one in December,” Badain said following a public meeting of the Las Vegas Stadium Authority board. “So, if you miss the May deadline, you push to October, we would lose a year, and everybody wants to get this project going everybody wants to get these guys to work. So we didn’t want to miss that deadline.”

The present plan for the Raiders includes a move into their proposed $1.9 billion domed venue in 2020, but if the team can’t agree on a lease by the May 22 owners’ meetings in Chicago, it faces a prospect of this venture being delayed until 2021. Board chairman Steve Hill expressed confidence the agreement can be finalized, per Cano, who adds a 30-year lease is being discussed. A Thursday board meeting is on the agenda, with the subject of completing this lease front and center, Candee reports.

“The NFL has directly asked us to attempt to have a lease approved by the owners meeting,” Hill said. “There has been no ‘get this done or else’ type of approach on this request.”

The Raiders have a lease option to play in Oakland through the 2018 season, although a possible contingency plan — in case this season goes poorly with the lame-duck team playing in front of a fanbase that again saw the franchise agree to leave — may exist that would allow the Raiders to depart the Bay Area early and play in a temporary venue in Vegas. But UNLV’s Sam Boyd Stadium is not viewed as an NFL-ready site presently, so the above delay could conceivably keep the team in Oakland through 2020.

However, the Raiders’ current city may bail before then. The Raiders want to play in Oakland until their Vegas palace is ready, but Candee reports Coliseum authority officials want to end the parties’ relationship after the 2018 season. That would obviously put the Raiders in a tough spot, with one or two in-between years clouding the process.

AFC Notes: Raiders, Fins, Hightower, Broncos

April 15th, 2017 at 4:42pm CST by Sam Robinson

A thorough ESPN.com piece regarding the Raiders‘ move to Las Vegas revealed that Mark Davis was considering a move to Sin City as far back as 2014. While Davis’ intentions with Vegas didn’t become public until 2016, a dinner with NFL executive VP — and stadium-financing point man — Eric Grubman he wanted to take the Raiders to the desert. But Grubman was far more skeptical at the time. “Mark, you’ll never get approved to Las Vegas,” Grubman said, via Don Van Natta Jr. and Seth Wickersham of ESPN. “They’ll oppose it on principle. It’s not gonna happen.” Davis described it as a “good market” at the time and eventually won out, largely because of Oakland’s inability to craft a stadium plan the NFL viewed as viable.

Here’s more on the Raiders and the latest coming out of the AFC.

Sheldon Adelson did attempt to force Davis into giving him a stake in the Raiders. Davis refused, and part of Adelson’s removal from the project stemmed from the NFL owners having doubts about the casino mogul’s involvement. Van Natta and Wickersham allude to Adelson being irate at the Raiders for their tactics during this relocation push. This could be something to monitor down the line, with Davis and Adelson set to operate as high-powered figures in the same city relatively soon.
Dolphins owner Stephen Ross viewed the team’s exit of a top market as questionable. Miami’s top decision-maker wondered if the Raiders should be stripped from the NFL’s revenue-sharing program for a decade because of the team downsizing considerably in market size — going from No. 6 to No. 40 — and accepting $200MM via NFL loan, the ESPN reporters note. Ross was the lone dissenter among NFL owners regarding the Raiders’ move to Nevada.
Dont’a Hightower has bonuses of $54K per game during each contest within the four-year deal he signed to stay with the Patriots, Ben Volin of the Boston Globe reports. Hightower also has $2MM per year in incentives that are largely tied to playing time. The middle linebacker would receive $375K if he played in 65 percent of the Pats’ snaps, plus separate $250K incentives for 70 and 75 percent snap counts. Another $125K would come Hightower’s way if he took part in 80 percent of New England’s defensive plays. This seems to tie into the kind of health-based concerns the Jets and Steelers had when considering (and offering) Hightower. He played in just more than 67 percent of New England’s defensive snaps last season.
A scenario involving a Jets trade of their 2017 first-round pick for a 2018 first-rounder — in an attempt to corner the quarterback market via two first-round picks next year — doesn’t make as much sense, Rich Cimini of ESPN.com notes. Despite the belief better quarterbacks will be in that draft, the job security for Mike Maccagnan and Todd Bowles is not strong enough to make this kind of transaction. New York has been linked to Mitch Trubisky at No. 6 but obviously selected Christian Hackenberg last year before signing Josh McCown. Another rookie might stall an effort for Bowles to convince ownership the Jets are headed in the right direction.
The Broncos took the third-fewest snaps out of the shotgun (411) in the league last season, but that figure is expected to rise. Mike McCoy is expected to incorporate more gun looks, likely with an eye on aiding Paxton Lynch‘s development, Nicki Jhabvala of the Denver Post notes. Lynch told Jhabvala he’s “excited” about more shotgun sets being implemented because of his work in that formation at Memphis. McCoy famously made radical changes to Denver’s offense during his first stint as OC, tailoring an offense to Tim Tebow‘s unique abilities midway through the 2011 season before pivoting back to a pass-first attack once Peyton Manning arrived in 2012. Lynch, though, may have work to do to unseat Trevor Siemian, who fared much better in Gary Kubiak‘s offense.

NFL Helped Raiders Secure Vegas Funding?

April 15th, 2017 at 2:52pm CST by Sam Robinson

When the Chargers announced in January they were taking the NFL up on its offer to join the Rams in Los Angeles, the NFL foresaw a possible route to San Diego for the Raiders. The league did not want that, so it shifted focus from helping the Raiders procure a new stadium in Oakland to making sure the Las Vegas deal didn’t fall though, Seth Wickersham and Don Van Natta Jr. of ESPN.com report in an expansive story chronicling the Raiders’ move to Sin City.

As the Raiders’ Vegas deal was flailing after the departures of Sheldon Adelson and Goldman Sachs in during the winter, league executives joined Raiders president Marc Badain in contacting Bank of America, according to Van Natta and Wickersham. The company soon replaced Adelson as a backer, injecting new life into the Raiders’ Vegas venture, and pledged a near-$1 billion line of credit to cover cost overruns from the impending stadium construction project.

Jerry Jones also played a role in this key chapter of the Raiders’ relocation process. Mark Davis said to Jones at one point last year, “you screwed me on L.A.” and Jones began to act feverishly to help the Raiders relocate. The Cowboys owner put his full support behind the project, something the league and the Raiders appreciated, according to the ESPN reporters, and attempted to procure financing for the endeavor. But some around the league are concerned with the fallout.

Jones’ push helped bring some owners off the fence, paving the way for the 31-1 relocation vote. But it irked another influential owner. Robert Kraft took exception to Jones’ stake in Legends Hospitality, a merchandise and concessions company that could stand to benefit from the $1.9 billion stadium deal.

Sources told Wickersham and Van Natta that Legends emerged as a contender to partner with the Raiders for nonfootball revenue. Kraft spoke to Adelson, a longtime friend who played a key role in helping secure the Raiders the record $750MM in public money before stepping aside due partially to a falling out with Davis, and told him “Jerry is running wild; I can’t believe this.” Adelson, according to the ESPN reporters, then said he would “kill” the Raiders’ deal in Vegas if Kraft wanted. But Kraft, who had been a backer of the Raiders’ effort, did not want to exercise that prospective option.

Kraft wasn’t the only high-powered NFL figure who was suspicious of Jones’ help here. The Dallas owner helping sway his peers while potentially factoring into the stadium’s finances would cause “a major conflict of interest,” a longtime aide to an NFL owner told ESPN, who added the question of “won’t Mark Davis always be beholden to Jerry Jones?” Bank of America has served as the Cowboys’ bank for 25 years, along with a team sponsor. It’s also the Raiders’ longtime bank.

Davis and NFL executive VP Eric Grubman were working toward different goals, with Davis concentrating solely with Vegas and Grubman working to keep the Raiders in Oakland. Grubman, who also attempted to work with St. Louis last year while Stan Kroenke set his sights on Los Angeles, concluded in December — according to ESPN — Oakland did not have a viable proposal. At that same December league meeting, Badain called Oakland’s proposal a “political, cover-your-ass joke” and said in October, per ESPN, “it would have been better if (Oakland) had offered nothing.”

“The stadium proposals received from Oakland are dependent on various contingencies and involve a number of significant uncertainties that membership concluded cannot be solved in a reasonable time,” the league’s statement on the Raiders’ relocation reads (via Scott Bair of CSNBayArea.com, on Twitter), also citing the lack of Oakland progress in a two-year period after the league denied relocation applications in 2015 and placed the Raiders behind the Rams and Chargers in the Los Angeles pecking order a year later. “The proposal to relocate to Las Vegas involves a clearly defined and well-financed proposal for a first-class stadium.”

AFC West Rumors: LT, Raiders, San Antonio

March 30th, 2017 at 9:10am CST by Zachary Links

LaDainian Tomlinson has joined the Chargers as a “Special Assistant to the owner of the team,” according to a press release. It sounds like Tomlinson will not have a part in front office decisions as his job will focus more on fan relations. His presence could help smooth over tensions with San Diegans who are feeling scorned by the team’s relocation to Los Angeles.

“L.T. is one of the most beloved and iconic Chargers of all time,” said Chairman Dean Spanos in the statement. “His active involvement in our fight for Los Angeles is vital, and he represents the very best of what it means to be a Charger on the field and in the community.”

Here’s more from the AFC West:

It sounds like we won’t see major progress in the Raiders‘ extension talks with Derek Carr until May or later. “He knows what we’re trying to do in free agency, and he’s never saying, ‘I need to know now. It’s not like that,” GM Reggie McKenzie said, according to Scott Bair of CSNBayArea.com. “More likely, the serious talks will happen after the draft. The communication has been ongoing, just talking about the philosophy of a contract and the thought process around it. Hopefully when the serious talks start going, then it’s going to be easier.” McKenzie also indicated that an extension could be on the way for right guard Gabe Jackson. The Raiders will also discuss a new deal with Khalil Mack, but they have more time on that front thanks to his option for the 2018 season.
Multiple cities have reached out to the Raiders expressing interest in being their temporary home, including San Antonio, Vincent Bonsignore of the Los Angeles Daily News tweets. It’s possible that we could see the Raiders make a pit stop on the way from Oakland to Las Vegas.
The Broncos will add a third quarterback, but that player is likely to be a young veteran or a rookie.
The Chiefs hosted linebacker Rey Maualuga on a visit this week.

NFL Approves Raiders’ Move To Las Vegas

March 27th, 2017 at 1:10pm CST by Zachary Links

NFL owners have voted to approve the Raiders’ proposed move to Las Vegas, Nevada. With at least 24 votes in favor of the relocation, the road has been paved for the Raiders to leave town and start anew in Sin City. The final tally was 31-1, according to ESPN.com’s Adam Schefter (Twitter link), with the Dolphins as the only nay vote.

For many Bay Area fans, this is a crushing blow. The Oakland Raiders were born in 1960 as a member of the revolutionary American Football League. The city of Oakland lost its team in the early 1980s when it migrated to Los Angeles, but the Raiders returned for the 1995 NFL season. Now, more than 20 years later, the Raiders are leaving all over again and, this time, it’s probably for good.

On Monday morning, Oakland mayor Libby Schaaf asked the NFL to hold off on voting, but that was a low-percentage shot in the dark likely designed to try and salvage Schaaf’s standing with dejected Raiders fans. Owners reportedly still like the Bay Area as an NFL market, but they did not agree with Schaaf’s assertion that Oakland has put forward a viable stadium solution. The Raiders have secured a record $750MM in public money for their new LV digs and that will be a major bargaining chip for the league in its future efforts to get stadiums built with taxpayer funds.

Even with the green light from NFL owners, it remains to be seen where the Raiders will play their games between now and when the $1.9 billion stadium is built. The Raiders will play in Oakland in 2017 and they have pledged to play there in 2018 as well. However, if the local fan reaction is too much for the Raiders to withstand, they may want to blow the popsicle stand early. UNLV’s Sam Boyd Stadium could serve as a temporary host for the team, but it will probably need upgrades to meet league standards. If things go south this year in Oakland, those upgrades will have to be in place sooner rather than later.

Oakland Asks NFL To Delay Las Vegas Vote

March 27th, 2017 at 11:49am CST by Zachary Links

The mayor of Oakland is asking NFL owners to hold off voting on the Raiders’ proposed move to Las Vegas, as Josh Dubow of The Associated Press writes. The league is set to hold a vote during this week’s meetings in Arizona and it is said to be at the top of the agenda.

“Never that we know of has the NFL voted to displace a team from its established market when there is a fully financed option before them with all the issues addressed,” Mayor Libby Schaaf said in a statement, adding that the city has put forth a $1.3 billion plan for a new stadium that would be ready in five years. “I’d be remiss if I didn’t do everything in my power to make the case for Oakland up until the very end.”

At this point, “everything” in Schaaf’s power doesn’t include much. The city of Oakland has declined to build the Raiders a new state-of-the-art stadium largely bankrolled by public funds. Local government has instead opted to back a brand new facility for the Oakland A’s, leading the Raiders down the Vegas path. Meanwhile, owners seem to have made peace with concerns about legalized gambling in Nevada and how it could potentially affect the integrity of the game.

If 24 of the league’s 32 owners approve the Raiders’ relocation to Las Vegas, very little will stand in the way of the move. That vote is scheduled to go down in a matter of moments and Schaff’s last-ditch effort probably won’t buy her additional time.

Extra Points: Broncos, Redskins, Raiders

March 26th, 2017 at 8:38pm CST by Connor J. Byrne

The Broncos were reportedly all but out of the Tony Romo sweepstakes as of Friday, and nothing has occurred at the NFL owners meetings to suggest otherwise. Broncos general manager John Elway hasn’t engaged in any trade talks at the meetings with Cowboys CEO and fellow competition committee member Stephen Jones, as Mike Klis of 9NEWS writes. “We’ve been here all week and his name never came up,’’ said Elway, who also gave further votes of confidence to Denver’s current top two QBs, Trevor Siemian and Paxton Lynch, per Klis. Even if the Cowboys end up releasing Romo, the expectation is Elway will still pass on the soon-to-be 37-year-old, notes Klis, who nonetheless cautions to “never say never.”

AFC Notes: Browns, Raiders, Steelers

March 26th, 2017 at 7:22pm CST by Connor J. Byrne

While the Browns are likely to move on from newly acquired quarterback Brock Osweiler before he ever plays a down in Cleveland, head coach Hue Jackson indicated Sunday the 26-year-old will have a chance to compete for the team’s No. 1 job, tweets Jeff Schudel of The News-Herald. It’s difficult to take Jackson seriously in this case, however, and Mary Kay Cabot of cleveland.com senses that he’s uninterested in trying to transform the former Bronco and Texan into a viable starter. As such, the Browns remain on track to jettison Osweiler via trade or release, Cabot writes.

The latest on a couple other AFC teams:

Count Jets owner Woody Johnson among the many around the NFL who are unimpressed with the city of Oakland’s attempt to keep the Raiders. “They didn’t make a valiant effort,” Johnson told Daniel Kaplan of SportsBusiness Journal (Twitter link). It seems fair to infer from Johnson’s comment that he’ll vote in favor of the Raiders’ relocation bid Monday. The Raiders’ Mark Davis will need 23 yes votes from the league’s other 31 owners to realize his Vegas goal. He’s unlikely to have difficulty garnering approval from his colleagues, two anonymous owners told the Associated Press. “Not only have no hurdles been made clear to us, but there isn’t any opposition to it,” said one. Added the other, “It’s going to happen and the sooner we do it, the better it is for the league and for the Raiders.”
Pittsburgh took a serious run at inside linebacker Dont’a Hightower in free agency before he re-signed with the Patriots, which Steelers general manager Kevin Colbert addressed Sunday. “We made an attempt (to sign Hightower). It didn’t work. We’re fine, we move on,” said Colbert (via Joe Rutter of the Pittsburgh Tribune-Review). The Steelers also lost stalwart ILB Lawrence Timmons in free agency, though Colbert insists that they’re “very confident” that Vince Williams is capable of stepping up in the wake of Timmons’ departure. Williams has only started six games since an 11-start rookie campaign in 2013, though, and played just 25.7 percent of the Steelers’ defensive snaps last season. It “remains to be seen” if the 27-year-old has what it takes to be a three-down player, offered Colbert.
A far more prominent member of the Steelers, running back Le’Veon Bell, is entering a contract year as the team’s franchise player. Long-term negotiations between the two sides will ramp up after the draft, per Rutter. “It will be a very complicated type of deal,” said Colbert, who added that locking up Bell “always has been our goal.” The leaguewide deadline to re-up franchise tag recipients to multiyear pacts is July 15, which will give the Steelers two-plus months to get a deal done with Bell if they take a post-draft approach.

Relocation Notes: Vegas, Oakland, UNLV

March 25th, 2017 at 3:20pm CST by Sam Robinson

With a Raiders relocation vote coming Monday, both Oakland and Las Vegas have presented their cases. But the perception is Sin City’s plan outflanks Oakland’s. The owners appear to be coming around to the once-laughable notion of an NFL team anchored in Vegas.

“From a gambling standpoint? That’s a joke to even say that’d be a problem,” said one AFC owner, via Albert Breer of TheMMQB.com. “That was an issue decades ago. Now? Sports gambling is going to be legal. We might as well embrace it and become part of the solution, rather than fight it. It’s in everyone’s best interests for it to be above-board.”

An NFC owner was less bullish, saying “[The concern] is not 100 percent put to bed, but it’s relatively put to bed.” Not many owners’ views here are known publicly, but the feeling’s become the Bay Area is in real danger of being a one-team region again. A third team could relocate in a 14-month stretch not necessarily because the owners are on board with Vegas but due to the lack of a what’s seen as a viable plan in Oakland.

One NFC team president told Breer if this situation were “apples to apples,” the Raiders would not be on the verge of moving. Another also didn’t characterize many as being behind a venture into Nevada, but noted there might not be another choice.

“My general sense is no one is opposed to it, but it’s hard to find a lot of people that are really that in favor. It’s not negative, it’s just that most are like, ‘This is perfectly fine.’ … The bottom line is Oakland has no plan,” said an executive for an NFC team, via Breer, before Oakland mayor Libby Schaaf unveiled the city’s last-ditch attempt to keep the team.

Here’s more from Breer and others on the league’s latest relocation effort.

This about-face on Vegas does come after the Raiders secured the record $750MM in public money, but this still strikes Pro Football Talk’s Mike Florio as strange given where the league was on this issue a few years ago. Florio notes the league as recently as 2013 didn’t want to hold games in Las Vegas, and spokesman Brian McCarthy took a stronger tone regarding the presence of gambling on the NFL in 2009. “If you make it easier for people to gamble then more people will. This would increase the chances for people to question the integrity of the game,” McCarthy said in 2009 during an NFL crusade to keep sports betting out of Delaware. “Those people who are upset will question whether an erroneous officiating call or dropped pass late in the game resulted from an honest mistake or an intentional act by a corrupt player or official.” Florio notes that owners will have a decision to make on this since Raider players will now be living in the nation’s gambling capital, should 23 non-Mark Davis owners vote for the move.
The Raiders have previously pledged to play in Oakland in 2017-18 if they receive Vegas approval, but that would create a strange set of circumstances. The franchise will have floundered for most of its second Oakland stay only to rebuild into a contender for two lame-duck years. Breer notes the NFL will likely want an escape hatch if this season goes poorly in Oakland. UNLV’s Sam Boyd Stadium would serve as the backup temporary venue, but the 40,000-seat site needs upgrades, per Breer, to become NFL-compliant.
Some owners may want to delay this vote, but Breer notes that might not make much of a difference at this juncture. Bank of America swooping in after Sheldon Adelson and Goldman Sachs bolted the project illustrated the endeavor’s viability in the eyes of most owners, Breer reports.
Conversely, Vegas’ economy relying largely on tourists and transplants is a gamble for the Raiders, the San Francisco Chronicle writes. Noting the Raiders’ not-so-recent struggles on the field and a potential economic downturn as reasons Davis could be making a risky bet, the Chronicle believes it’s “outrageous” the owner hasn’t met with the city of Oakland in more than a year.

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